BitcoinCryptocurrencyNews Analysis

We Predicted It Before It Was Cool – $20K Christmas For Bitcoin

By December 17, 2017 No Comments
When the cool kids were still eye-rolling at the $10,000 bitcoin "bubble", we were predicting a $20K Christmas for bitcoin - who's lookin' cool now?

When the cool kids were still eye-rolling at the $10,000 bitcoin "bubble", we were predicting a $20K Christmas for bitcoin - who's lookin' cool now?

Disclaimer:  The information in this blog represents the opinions of its author and is for educational purposes only.  It is not intended as investment advice.  Cryptocurrency markets are extremely risky so you should only invest money you are willing to lose.

Bitcoin Hits $20,000

Unstoppable:  After blasting through $13k, bitcoin disposed of six thousand-dollar milestones in a single 24 hour period.  After retracing and consolidating in predictable Fibonacci zones, the cryptocurrency resumed its powerful uptrend to hit $20K on the morning of Dec. 17th.

Unstoppable: It would be impossible to overstate the power of bitcoin's breathtaking ability to rise phoenix-like above the cacophonous din of bubble-talk and deputy downers of doom.  After blasting through $13K on Dec. 6th, in a burst of manic upside volatility, bitcoin disposed of six thousand-dollar milestones in about 18 hours. After retracing and consolidating in predictable Fibonacci zones, the crypto-juggernaut resumed its powerful uptrend to hit $20K on the morning of Dec 17th.  chart: coinigy.com, technical analysis: digitalassetuniversity.com

No Magic, Just Math

There was no hocus-pocus involved.  We simply applied mathematical chart analysis, Fibonacci math, money flow and momentum oscillators, and market sentiment.  

Analyzing the charts and doing the math, there was no way to ignore bitcoin’s legendary phoenix-like ability to rise from the ashes again and again.  The bounces after every retracement and pullback pack a more powerful punch every time.  It would be impossible to overstate the power of bitcoin’s relentless resilience amidst the cacophonous din of bubble-talk and deputy downers of doom.  

A veritable Rubik’s cube of creative investment opportunities will forever be joined to the global investment ecosystem and an infinite number of configurations of decentralized, peer-to-peer applications to innovate creative futuristic disruptive solutions can be applied to almost any vertical the investor or creative entrepreneur can imagine.  Every investor will have ground-floor access and the possibilities are endless.

CME futures contracts begin trading tomorrow, December 18th, and everything will change.  The amount of money, long and short, buy-side and sell-side, is a non-sequitur.  A veritable Rubik’s cube of creative investment opportunities will forever be joined to the global investment ecosystem and an infinite number of configurations of decentralized, peer-to-peer applications to innovate creative futuristic disruptive solutions can be applied to almost any vertical the creative entrepreneur can imagine. Every investor will have ground-floor access and the possibilities are endless.

Hewing Precisely To Fibonacci Zones

On the contrary, hewing precisely to Fibonacci math, we published a chart in our Nov. 15th blog post (when bitcoin price was $7178) with an analysis of bitcoin selloffs revealing an average 62% bounce-back during the 4 weeks following a selloff.

Defying Valuation

So-called “experts” have been chasing bitcoin with valuation tags all year, and they’re left bewildered, eating bitcoin’s dust.  The reason is simple - bitcoin defies valuation because it is the gateway to an entirely new asset class - a new kind of rabbit hole - filled with rabbit holes containing rabbit holes and so on…  

Eclipsing The Eclipse

In less than a year it has emerged from the shadows of the dark web to become mainstream.  Grandmas are buying it on their iPhones, the kids are investing their bar-mitzvah money, tomorrow it starts trading on the largest commodities exchange on earth, and it’s second only to Hurricane Irma in Google’s Year in Search - it eclipsed a total eclipse of the sun and the nuclear brinkmanship of Kim Jong Un.

"Bubble" is oh-so-easy to say and next-to-impossible to time. If everybody's screaming bubble you can be sure there's plenty of upside momentum in the market.

If the definition of a “bubble” is when investors with vision see the potential value in a new technology before its infrastructure is completely built out and implemented then who wouldn’t want to be in on that?  The people driving this “bubble” are the same average investors and homeowners who were decimated in 2008 and watched horrified as their tax dollars bailed out the corrupt, greedy bankers who caused the crisis in the first place.

Your Own "Shark Tank"

Bitcoin is the on-ramp to the crypto-verse, to a cornucopia of as-yet-unimagined futuristic disruptive technologies in nearly every vertical imaginable - flipping the stodgy, crusty, sclerotic client-server, third-party, centrally-regulated model on its head and making it peer-to-peer and decentralized, empowering the individual investor to run his own “shark tank”, to be his own venture capital fund, and get in on the ground floor of these creative new disruptive technologies.

Once investors overcame their crypto-phobia, they enthusiastically embraced the breathtaking potential of peer-to-peer decentralized applications, and that half-a-trillion dollars disappearing down the crypto-rabbit hole is only growing and gaining momentum - much of it will never be see a dollar sign again.

Bitcoin price waves are astonishingly consistent and predictable. An analysis by CNBC and Genesisi Global Trading reveals an average 61.5% bounce over the 4 weeks following each sell-off of 20% or more. That is almost identical to the Fibonacci target of 61.8% and sits right between our short term price projections of $8547 and $9373. chart:coinigy.com, technical analysis: digitalassetuniversity.com, data: Genesis Global Trading

Bitcoin price waves are astonishingly consistent and predictable. We published this chart in our Nov. 15th blog post with An analysis by CNBC and Genesis Global Trading revealing an average 61.5% bounce over the 4 weeks following each sell-off of 20% or more. That is almost identical to the Fibonacci target zone of 61.8%.  chart:coinigy.com, technical analysis: digitalassetuniversity.com, data: Genesis Global Trading

Not a speculative Mania, But a Psychological Phenomenon

Bitcoin rose like a phoenix from the ashes of the 2008 financial crisis, and it has now emerged from the shadows of the dark web to become a beacon of optimism and hope that a revolutionary new math-based technology can replace an antiquated obsolete one in which a few corrupt individuals control the world economy.   It is not a speculative mania - it symbolizes hope, and a belief in the true democratization of capital and that peer-to-peer decentralized applications are better than sclerotic old centrally-regulated ones.

Investors Ahead Of Their Time

If the definition of a “bubble” is when investors with vision see the potential value in a new technology before its infrastructure is completely built out and implemented then who wouldn’t want to be in on that?  The people driving this “bubble” are the same average investors and homeowners who were decimated in 2008 and watched horrified as their tax dollars bailed out the corrupt, greedy bankers who caused the crisis in the first place.

Now THAT's a bank wayyyyyyy ahead of its time - it's own cryptocurrency exchange.   The bank is so afraid of its own fiat currency holdings disappearing down the crypto-rabbit-hole forever that it’s introduced 3 tiers of accounts whereby investors can speculate on cryptocurrencies while keeping their funds with B of A.

A different kind of rabbit-hole:  Once investors overcame their crypto-phobia, they enthusiastically embraced the breathtaking potential of peer-to-peer decentralized applications, and that half-a-trillion dollars disappearing down the crypto-rabbit hole is only growing and gaining momentum - much of it will never see a dollar sign again.  The Satoshi revolution is just beginning.  this is not a speculative mania - it’s the vanguard of a new future - cryptocurrencies are here to stay

Not The Dollars, But The Connection

CME futures contracts begin trading tomorrow, December 18th, and everything will change.  Despite the fact that everyone is talking about the dollars, the amount of money - long and short, buy-side and sell-side - is a non-sequitur.

Everything will change because every futures trader on earth will have an on-ramp to the cryptocurrency ecosystem.  The $20 trillion futures markets will suddenly be connected to the crypto-verse.

A Veritable Rubik's Cube

A veritable Rubik’s cube of creative investment opportunities will forever be joined to the global investment ecosystem and an infinite number of configurations of decentralized, peer-to-peer applications to innovate creative futuristic disruptive solutions can be applied to almost any vertical the creative entrepreneur can imagine.  Every investor will have ground-floor access and the possibilities are endless.

The Satoshi revolution is just beginning.  this is not a speculative mania - it’ the vanguard of a new future - cryptocurrencies are here to stay.

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