It's been a few years since I've posted anything and I don't intend to start up again with any regularity. Posting this Weekly Log scale analysis of Bitcoin by request. The chart was created two and a half years ago, and we featured it along with in-depth analysis on an episode of our show. (I've posted a link to it below). The TL;DR is that bitcoin is still on track for bullish continuation as of todays date. It's my theory that when/if Tether implodes we could see some dramatic volatility but even in such an event- it ultimately changes nothing. Bitcoin is just as scarce, just as secure and just as usable at sub 10k as it is at 100k and beyond. The difference now vs. back when this chart was created (other than how much Tether has inflated the price) is that we have much greater visibility and exposure to the public, extreme interest by mega corps who are tired of watching thier USD value melt, and massively larger whales scooping up vast amounts- more than ever before. 1 nation down, 194 to go. #BTFD. Cheers!
Comment: I need to mention for all the degens, I do not "trade" bitcoin. I employ a DCA strategy which spans years, the sole objective of which is stacking as much BTC as possible under 100k. I look to identify target buying opportunities on higher time frames and chart price action to stay connected to the moves of the market. No matter what happens- I will be buying. When it goes lower, I will buy more.
Always good to look at the weekly chart when it feels like the bottom has completely dropped out and it's going to zero. Generally it's because in recent history the price was several standard deviations above its 52 week average. Right now it's barely back down to that level. So it will overshoot then come back and then moon sir.
newbienxx
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lol
ninjabenja
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@newbienxx, Some times you do just have to laugh at all the ways you coulda been right. Some lessons are best learned the hard way.