alexkeaton

alexkeaton

Look at the similarities between the recent run up and the earlier run up from back in March when we got back to the mid 70s. But there is also the fact that back in March things were different politically compared to now. So perhaps we see more upside from here until Trump takes over. My thought is that we chop sideways for a bit.

alexkeaton

Typically in the bitcoin world, descending channels break to the upside. This is because, since its inception, bitcoin has moved upwards in price. And most other assets in the space move in tandem. Obviously there are no guarantees and we can only predict price targets based on what things have done historically, so we shall see.

alexkeaton

I see CAN looking to break through this resistance which was support in the previous cycle. I believe if we can get above the $1.80 level it can start to break much higher. Just a thought... we shall see.

alexkeaton Updated 

This is perhaps just hopium but with enough people piling into bitcoin IF President Trump does all the pro-bitcoin stuff he is currently talking about then I think it's possible. I'm hodling mining stocks for now and we shall see.

alexkeaton

These rips keep dipping to the 50% range. I'm thinking roughly the 0.04 cent range is where to buy. But who knows .. not sure what is creating these fast rises of a given crypto other than hype. We'll have to see what the larger market does because btc has a tendency to follow that. Then all the alts follow suit.

alexkeaton Updated 

I'm sure this is already out there but here it is again... These are the 4-year bitcoin cycles. They’ve repeated every 4 years thus far. It happens because bitcoin’s code was written that way. This feature makes bitcoin scarcer every four years. We can use gold as a real-world analogy – let’s say that the flow of newly mined gold that comes into the market was...

alexkeaton

The simple story of this whole market is this: Bitcoin's price is tethered to its 4 year halving events and the whole of the crypto market is tethered to the price of Bitcoin and so every 4 years we hit new ATHs market wide. You can confirm this, just google 'bitcoin halving dates', choose images and find many examples and observe that some number of months post...