Fun week this week both BTC and ETH Completed a .618 Fibonacci retrace of the now Primary Wave 1 Swing Highs to the now Primary Wave 2 Swing low both bottom turning into an exciting Primary Impulsing Wave 3 UP. So I cleaned up the Charts and set the new Fibonacci extension tools from the Primary wave 1 Start and BTC at 10K to the Primary Wave 1 High to 65K and Wave 2 low at 30K, ETH Start of Primary wave 1 at March 2020 Covid Low of 28 to the Primary Wave 1 Swing High of 4,384 to Primary Wave 2 Swing low of 1,728.
Bottom line this is a great entry point for both BTC and ETH and any of the Alts that track BTC like LTC, BCH etc.
The Primary Wave 3 most probable Fibonacci Extension target is 1.618 in Bold.
BTC Fibonacci Extension Targets:
View attachment 31144
ETH Fibonacci Extension Targets:
View attachment 31145
And LTC 1.618 Primary impulsing Wave 3 Target UP is $746.
View attachment 31146
Typically 1.618 times any Fractal Degree Wave 1 however I have seen 2.618 and 3.618 wave 3 runs on S&P futures so 1.618 is the safe bet but if we exceed 1.618 the next higher Fib Extension targets are quite possible. Palm Beach Research asserts a secret halving in BTC market this year as Miners like Hut8 in North America with access to fresh institutional investment capital and cheap Canadian Hydro power are now HODLing their mined BTC creating shortages of fresh mined BTC which will explode the Value of Hut8, MSTR (Micro Strategies) and TESLA et.al. as BTC makes its ultimate run to $500K - but we will have to go through Primary waves 3, 4 and 5 and then a Primary ABC at the top of Primary 5 before we see the 500K stratospheric target - their buy up to for BTC is $75K and ETH is $3K FYI...In Elliot wave theory, wave 3 is typically (or even always?) the largest wave, yes?
Wouldn't count ETH out as it is the poster coin for Globohomo and there will be a moving cap with 2.0. I agree that LTC is not a very good risk adjusted bet, ADA is much better. It's also easier to go from $1 to $10 than it is to go from $200 to $1000 because of market psychology. Some of best performing coins were the ones that said they would bend the knee to central banks and governments. Cardano proudly talks about working with governments, ETH is Goldman Sachs #1 choice, XRP has bent over for central banks since forever and was best performing coin of 2017. Meanwhile badboy XMR has been shunned and crabbing sideways in a bull market.
Of course not, those rates are annual.You earn 5% a day? So every two weeks your holdings double?
You get a higher rate taking it in Nexo tokens, but you can get it in the same coin as well.I thought the same until I figured out they pay out interest in Nexo tokens. I want to be payed out in the same coin I put up or at the very least a respectable stable coin like PAX/USDC/BUSD. After this year wouldn't surprise me if nexo lost 90% of it's value. At least with Blockfi they are paying you out in USD or equivalent stable coin I think.
I thought the same until I figured out they pay out interest in Nexo tokens. I want to be payed out in the same coin I put up or at the very least a respectable stable coin like PAX/USDC/BUSD. After this year wouldn't surprise me if nexo lost 90% of it's value. At least with Blockfi they are paying you out in USD or equivalent stable coin I think.
2 previous cycles went 20x from when the bull run started, plan b stock to flow predicts 150k, stock to flow x predicts 288k, I'd say the chances of 250k before the big drop are better than the top being 125k. I also think if I take profits at 125k, the chances of me buying it lower than 125k next year are high. Looking forward to others input.
Sorry re-read what I wrote and I am disappointed in myself.
5% per month paid out daily. Similar to a 30 day CD.
Where are you seeing the 5% monthly? I get 8% year.
The fixed term is monthly. The interest rate is 5% annually. Do the math if you don't believe it.View attachment 31179
Screenshot of my fixed terms wallet with the mention of the interest rate compounding daily. Unless i'm missing something and being mildly retarded? It looks like a 30 day crypto CD that pays out 5.25%. This must have changed because it used to be just 5%.
Even the payouts seem in line with what I have parked at the moment. The interest payment on this was ETH 0.00005775 and I can see in the notifications drop down that it does indeed get paid out daily. Comes about to 0.00179025 ETH for the month.
The fixed term is monthly. The interest rate is 5% annually. Do the math if you don't believe it.
I have re-jigged my chart to have a more consistent parallel with the '17 and '13 bubbles. Still getting $240k.
The two lime green lines are the trend of the mid '17 and '21 (hopefully) corrections. They both run roughly at 12 degrees, followed by the downside at around 17 degrees
View attachment 31175
The darker green line here is the trajectory of the mid-2013 correction. When the 2017 correction trajectory hits the 2013 one, there was a correction.
View attachment 31176
Another observation is the recent top was not a parabolic top, it's a round top. 2013 and 2017 both saw sharp parabolic tops.
It's kind of difficult to see where the money is going to come from to take us to $240k. But you could have said that this time in 2013 and 2017. I don't know if I misread a headline, but seems Tesla may have bought $1.5B more, another large tech company bought in and Carl Ichan is talking about throwing $1.5B in.
2017's $20K was roughly a 20X on 2013's top. $240K would be a 12X.
Where are you seeing the 5% monthly? I get 8% year.