Bitcoin & Litecoin Key Dates + Fib Levels + Wild Speculation
Updated
Chart includes real stuff + my dumb drawings. The Fib levels are what's important, but imagine an EW pattern or something, you get it. Don't think I believe the action will follow the path of my dumb drawings.
This is a "what if" we get a similar ratio both in time and price to the previous two Bitcoin halvings. This includes the future ones too.
So, if Bitcion extends to the 17.992 fib level again... 350K is the target based on the fib extension tool project if we bottomed, but even if we go to 1.K we are looking at that general area, it doesn't change much.
Comparing price action, bitcoin looks different, in proceeding action, but both times price went up considerably post halving.
I added the Litecoin comparison with dates of start + halvings including the 2019 one coming up. And my neat little drawing if it looks similar to the first one. Bitcoin did! Adding LTC helped with speculating too :)
Biggest takeaway: If "BITCONE" goes to 350K by 2022, the world richest list will get some new peeps jumping in the mix. Even 30K BTC is $10.5 Billion...
But then we will probably drop back to 30K or whatever, then speculate on some crazy number come the 2024 Halving. I think then, people will be trading individual Satoshi... but probably not. Price action will be wild though.
This is a "what if" we get a similar ratio both in time and price to the previous two Bitcoin halvings. This includes the future ones too.
So, if Bitcion extends to the 17.992 fib level again... 350K is the target based on the fib extension tool project if we bottomed, but even if we go to 1.K we are looking at that general area, it doesn't change much.
Comparing price action, bitcoin looks different, in proceeding action, but both times price went up considerably post halving.
I added the Litecoin comparison with dates of start + halvings including the 2019 one coming up. And my neat little drawing if it looks similar to the first one. Bitcoin did! Adding LTC helped with speculating too :)
Biggest takeaway: If "BITCONE" goes to 350K by 2022, the world richest list will get some new peeps jumping in the mix. Even 30K BTC is $10.5 Billion...
But then we will probably drop back to 30K or whatever, then speculate on some crazy number come the 2024 Halving. I think then, people will be trading individual Satoshi... but probably not. Price action will be wild though.
Note
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