HenryLaw

HenryLaw

Sorry guys, I wish I had better news but no doubts that we're now in another long-term bear market like 2014 / 2018 again. I've updated the log regression curve which is more accurate than the one before. The second bottom line (the upper green line) largely fits the three halving prices. On top of that is a multiplier that multiplies the value of that upper...

HenryLaw

If this is not corelated, I don't know what is :p Let's hope both are topping soon so we can finally witness the 6-figure territory that we have been waiting for so long.. #HODL

HenryLaw

If the past two bull markets is any indication of the future, Bitcoin price tends to revisit the first top of the bull market when the 50% logarithmic regression line (the black line in the middle of the chart) meets the first top price. In 2013, second bubble phase began when 50% log channel hit right at $266, which was the first top price in 2013. The same was...

HenryLaw

Even though not reaching 6 figure has been a disappointment for everyone, BTC still did not perform as bad as you might think, as it had criss-crossed between 30-60k for the most part in 2021, forming a year-long ascending triangle in the process. Generally speaking, the later it breaks out, the more violent price will go to the upside. IMO 2022 will be...

HenryLaw

That's assuming we're still in a bull market, and that 65k in April 2021 was the cycle's intermediate top. Draw a fib retracement from previous market cycle low to mid market top, historically we would normally see price go to at least 3.618 level if not higher in the end. If still feeling a bit uncertain after reading a lot of TA, #HODL is always the best...

HenryLaw

Bitcoin has recovered faster than I had guessed in the beginning of 2019, I made a post predicting $200-450k by 2023 back then. My hunch is now $110,000 - 150,000 by end of 2022, a sooner peak also implies a lower ATH price in the upcoming speculative bubble. Judging from the vicinity of 20 week moving average now, a full recovery to $20,000 should happen by...

HenryLaw

A lot of sentiment has changed in the cryptocurrency space since my previous post which was made on March 2019 (see Related Ideas). As a near-maximalist, I was long-term bullish 9 months ago even price had dropped to 3K, and I am equally bullish now as then. Bitcoin will keep rising on that logarithmic support line as long as its sound fundamentals remain. Not...

HenryLaw Updated 

I would say Tim Draper is still largely correct, but he'll miss time by 6-12 months from what I can see.. #HODL