BTC - Buying opportunity in Dec or Jan
Update
Hey, folks.
An update here to my last post from 2 weeks ago.
Look at the BTC charts in the attached image... imgur.com/gallery/HReIPFr
(I couldn't figure out how to add an image here, so I put it on Imgur.)
As you can see in the image, 2022 has been almost exactly the same as 2018. (Of course, not the same prices, but the same pattern. This is because of the BTC cycle.)
In 2018, BTC fell from its spike, and then flatlined for a few months. 2022 has been nearly identical to 2018.
So what's next?
At the bottom of the attached image, you will see how BTC ended 2018 with a fall of just over 50%. It then remained flat until the end of March 2019, and then rose in the middle of 2019.
According to the pattern, BTC should fall around 50% into the end of this year (similar to 2018). It should then remain flat for the first few months of 2023, before rising in the middle of 2023 (similar to 2019).
I'm still stunned by how similar 2022 has been to 2018. If the cycle has been this reliable up to now, it should continue repeating going forward.
(Previous post from 2 weeks ago...)
Hey, folks. Great buying opportunity for BTC coming up in December and January.
But first, BTC should fall 50%. Don't be afraid. It has happened before, as shown in the chart above.
Two cycles ago, in 2014, BTC fell from about $450 in October 2014 to around $175 by January 2015. That was a drop of about 61% in just 3 months. January 2015 was the low.
One cycle ago, in 2018, BTC fell from about $6,500 in October 2018 to around $3,200 by December 2018. That was a drop of about 51% in just 2 months. December 2018 was the low.
This time should be the same. We should see BTC fall about 50% to 60% from October to December or January. Currently at around $19,500, it should fall to around $9,500 to $7,500 over the next 2 or 3 months.
One reason why this happens at this time in the cycle is because of the US mid-term elections, which occurred in November 2014, November 2018, and will occur again next month in November 2022. The US dollar generally strengthens following the mid-term elections which take place at the beginning of November. When the dollar strengthens, BTC , gold , and currencies tend to fall.
Keep in mind that following the mid-term elections of 2014, BTC rose a bit and then fell 60%, so it may rise a bit this time too before falling 50-60%. However, following the mid-term elections of 2018, BTC did not rise at all but simply fell right away.
Either way, this December and January should be great buying opportunities. Be prepared for a big fall first. The price could be cut in half soon. That would be a great opportunity.
Hey, folks.
An update here to my last post from 2 weeks ago.
Look at the BTC charts in the attached image... imgur.com/gallery/HReIPFr
(I couldn't figure out how to add an image here, so I put it on Imgur.)
As you can see in the image, 2022 has been almost exactly the same as 2018. (Of course, not the same prices, but the same pattern. This is because of the BTC cycle.)
In 2018, BTC fell from its spike, and then flatlined for a few months. 2022 has been nearly identical to 2018.
So what's next?
At the bottom of the attached image, you will see how BTC ended 2018 with a fall of just over 50%. It then remained flat until the end of March 2019, and then rose in the middle of 2019.
According to the pattern, BTC should fall around 50% into the end of this year (similar to 2018). It should then remain flat for the first few months of 2023, before rising in the middle of 2023 (similar to 2019).
I'm still stunned by how similar 2022 has been to 2018. If the cycle has been this reliable up to now, it should continue repeating going forward.
(Previous post from 2 weeks ago...)
Hey, folks. Great buying opportunity for BTC coming up in December and January.
But first, BTC should fall 50%. Don't be afraid. It has happened before, as shown in the chart above.
Two cycles ago, in 2014, BTC fell from about $450 in October 2014 to around $175 by January 2015. That was a drop of about 61% in just 3 months. January 2015 was the low.
One cycle ago, in 2018, BTC fell from about $6,500 in October 2018 to around $3,200 by December 2018. That was a drop of about 51% in just 2 months. December 2018 was the low.
This time should be the same. We should see BTC fall about 50% to 60% from October to December or January. Currently at around $19,500, it should fall to around $9,500 to $7,500 over the next 2 or 3 months.
One reason why this happens at this time in the cycle is because of the US mid-term elections, which occurred in November 2014, November 2018, and will occur again next month in November 2022. The US dollar generally strengthens following the mid-term elections which take place at the beginning of November. When the dollar strengthens, BTC , gold , and currencies tend to fall.
Keep in mind that following the mid-term elections of 2014, BTC rose a bit and then fell 60%, so it may rise a bit this time too before falling 50-60%. However, following the mid-term elections of 2018, BTC did not rise at all but simply fell right away.
Either way, this December and January should be great buying opportunities. Be prepared for a big fall first. The price could be cut in half soon. That would be a great opportunity.
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