Bitcoin - Mid Term Analysis

٣٠ سبتمبر ٢٠١٩

Long Entry: 7009.5
Stop Loss: 6647
Target: 10389
R:R: 9.32

Short Entry: 10389
Stop Loss: 10821
Target: 3371
R:R: 16.25

Long Entry: 3371
Stop Loss: 3093
Target: 20444
R:R: 61.41

|O.o|

٣٠ سبتمبر ٢٠١٩

ملاحظة

٦ أكتوبر ٢٠١٩

ملاحظة

The Greatest Depression:

1929 --> 2019
Nineteen Twenty Nine --> Twenty Nineteen
"History may not repeat itself but it does rhyme" - Joseph Anthony Wittreich

The time difference between these two dates is 90 years - the upper limits of the human lifespan. Enough time has passed for people to forget, and for those who remember to be removed from the economy. There's a big difference between knowing that something happened and remembering that it happened to you. This is the reason why the long term debt cycle lasts 75-100 years.

Black Tuesday - October 29th, 1929 - the stock market crashed. We are now in October, and the analysis above aligns very well with the next depression starting on October 29th this year. First, people see an opportunity, greed leaves one market (equities) and enters another (bitcoin) - we see a bounce in BTC. Then, fear takes hold and pulls bitcoin way down, along with every other market (potentially except for some commodities like gold and silver). Once the trend is established in the wider markets, greed returns and people think bitcoin will finally play it's role as the escape hatch while the economy burns - too early. Bitcoin grows inverse to the collapse but not for long. Soon after a false breakout of the ATH, it retraces 90-95% to $1000-$2000 during the initial deflationary period.

Only after a few years will enough time have passed for the reality to set in = the world is in trouble and everyone is effected. This will empower a falsehood = bitcoin will replace the inflating dollar and save us all = speculative mania. I can only guess how large this final bubble will be, but I do think that it will be the largest in history.

The next Depression is likely to be the largest, but is hopefully also the last, making it the "Greatest Depression".

This is all quite "Depressing", but volatility = opportunity. This can be our gold rush

١١ أكتوبر ٢٠١٩

ملاحظة

Additional Short Order Placed:
Short Entry: 10389
Stop Loss: 11301
Target: 4226
R:R: 6.76

١١ أكتوبر ٢٠١٩

ملاحظة

Additional Long Order Placed:
Long Entry: 7121
Stop Loss: 6347
Target: 9779
R:R: 3.43

١٢ أكتوبر ٢٠١٩

ملاحظة

Original Long Order Amended:
Long Entry: 7009.5
Stop Loss: 6599
Target: 10389
R:R: 8.23

١٣ أكتوبر ٢٠١٩

ملاحظة

Multiple Positions Amended, all orders listed here:

Long Position 1:
Long Entry: 6871
Stop Loss: 6299
Target: 10279
R:R: 5.96

Long Position 2
Long Entry: 6461
Stop Loss: 5788
Target: 9779
R:R: 4.93

Short Position 1:
Short Entry: 11247
Stop Loss: 12621
Target: 4226
R:R: 5.11

Short Position 2:
Short Entry: 11579
Stop Loss: 13384
Target: 3371
R:R: 4.55

Long Position 3:
Long Entry: 3371
Stop Loss: 2989
Target: 8589
R:R: 13.66

١٣ أكتوبر ٢٠١٩

ملاحظة

Additional Long Order Placed:
Long Position 4:
Long Entry: 6871
Stop Loss: 6647
Target: 9779
R:R: 12.98

١٣ أكتوبر ٢٠١٩

ملاحظة

Short Orders 1 and 2 Amended:
Short Position 1:
Short Entry: 11247
Stop Loss: 12401
Target: 3371
R:R: 6.82

Short Position 2:
Short Entry: 11579
Stop Loss: 13384
Target: 4226
R:R: 4.07

١٣ أكتوبر ٢٠١٩

ملاحظة

Summary of Position Entries:
Long Entry: 6871
Long Entry: 6461
Short Entry: 11247
Short Entry: 11579
Long Entry: 3371

١٣ أكتوبر ٢٠١٩

ملاحظة

١٦ أكتوبر ٢٠١٩

ملاحظة

Multiple positions updated, all resting orders listed below:

Long Position 1:
Long Entry: 6871
Stop Loss: 6299
Target: 10279
R:R: 5.96

Long Position 2:
Long Entry: 6678
Stop Loss: 6549
Target: 9779
R:R: 24

Long Position 3:
Long Entry: 6406
Stop Loss: 5788
Target: 9779
R:R: 5.46

Short Position 1:
Short Entry: 11247
Stop Loss: 13301
Target: 4261
R:R: 3.4

Short Position 2:
Short Entry: 11579
Stop Loss: 12401
Target: 4261
R:R: 8.9

Long Position 3:
Long Entry: 3371
Stop Loss: 2989
Target: 8589
R:R: 13.66

١٩ أكتوبر ٢٠١٩

ملاحظة

Update to Long Position 2:
Long Position 2:
Long Entry: 6756
Stop Loss: 6639
Target: 9779
R:R: 25.84

٢٠ أكتوبر ٢٠١٩

تم حذف الأمر

Given the amount of changes to the original forecast, I decided to move this content to a new post. Click the image below for the up to date trade signals: