Road to 1 million has begun for Bitcoin. Here is why:
Exponential Growth:
To understand bitcoin you need to first understand exponential growth. Here is a simple video for you:
youtu.be/0BSaMH4hINY
However, if you don't have time, here is the summary:
- Exponential growth is counterintuitive
- People don't understand exponential growth
- When exponential growth takes place people usually underestimate how quickly things can change.
Macro:
You also need to understand bitcoin on a macro level and economic perspective. Here is another video for that:
youtu.be/TYCn6oe1RCE
I won't summarize the video because I want you to watch it.
Trend:
To conclude, don't look at Bitcoin as your average SPY chart. It's something very different. If you are a bear and believe that another market crash is looming; so, if the market drops, BTC will follow along. Remember this, Bitcoin isn't conventional. Whatever is happening is of a magnitude beyond our conventional way of thinking.
To understand bitcoin you need to first understand exponential growth. Here is a simple video for you:
youtu.be/0BSaMH4hINY
However, if you don't have time, here is the summary:
- Exponential growth is counterintuitive
- People don't understand exponential growth
- When exponential growth takes place people usually underestimate how quickly things can change.
Macro:
You also need to understand bitcoin on a macro level and economic perspective. Here is another video for that:
youtu.be/TYCn6oe1RCE
I won't summarize the video because I want you to watch it.
Trend:
- The long term triangle has been broken
- The price cycle happens in 4 phases: Accumulation, Markup, Distribution, and Markdown. From the previous bull run, the three phases: the distribution, markdown, and accumulation took place in more than 700 days. One thing I noticed from the chart is that for parabolic growth:
Distribution + Markdown + Accumulation = Markup - In short, if the three prior phases take 700 days, the bull run will continue for 700 days. I don't know if there is a theory in a textbook for such a thing. Lemme know if there is one.
- Long term MACD crossover is taking place.
To conclude, don't look at Bitcoin as your average SPY chart. It's something very different. If you are a bear and believe that another market crash is looming; so, if the market drops, BTC will follow along. Remember this, Bitcoin isn't conventional. Whatever is happening is of a magnitude beyond our conventional way of thinking.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.