Crypto Q

[Crypto Q @crypto_melanie]

@CryptoBull2020 @BCBacker Totally amazing

[CryptoBull @CryptoBull2020]

@BCBacker Your consistency over the last two years has been absolutely amazing and always spot on. I am looking forward to riding this to the finish line together 🚀❤️

[Crypto Q @crypto_melanie]

@BCBacker My XRP journey started in 2014. I have listened to ALOT! Of opinions and yours is the best!

[Blockchain Backer @BCBacker]

I've never needed to publicly posture against an individuals TA to make a name for myself.

I've let my work speak for me.

[Crypto Q @crypto_melanie]

@JohnEDeaton1 If the SEC wins their case does that mean only xrp held within the USA cannot be sold? Or does that mean the XRP no longer exists…

[Crypto Q @crypto_melanie]

@AussieVal10 This is still making me laugh 😂

[Blockchain Backer @BCBacker]

So, we get the following numbers:

4.236 Fibonacci Extension: $73,000-$75,000
Bitcoin Super Cycle: $81,000
Inverse Head and Shoulders: $75,625

Something to note: In 2013 and 2017, when Bitcoin topped, it lead to Altcoin Mania.

[Blockchain Backer @BCBacker]

Based on what I've covered, if we are finishing up a super cycle, that puts us somewhere around $81,000 as the top of Bitcoin.

If we are following a 4.236 extension ending, that puts us somewhere around $73,000 to $75,000.

Let's look for measured moves on smaller timeframes.

[Blockchain Backer @BCBacker]

And that we are still in a continuation of the cycle that started back in 2015, and our bear market of 2018-2020 was just a "pit stop" along the way for the continuation of the current super cycle.

[Blockchain Backer @BCBacker]

So, on log scale, the 2013 bull run was exactly the same size as the 2011 bull run. And, our current setup in Bitcoin is reaching the exact same extension of the Bitcoin bull runs in 2011, and 2013.

So what does this mean? Essentially, I'm arguing it isn't a 4-year cycle.

[Blockchain Backer @BCBacker]

This is the BraveNewCoin Liquid Index (Ticker: BLX).

It tracks the Bitcoin price back to 2010, when Bitcoin was $0.05.

Something very interesting about the 2013 bull run was that it was of exact size of the 2011 bull run on log scale.

[Blockchain Backer @BCBacker]

Now, is it really valid to take the 2013 cycle and say we are doing that in 2021? How can I possibly say that this is correct, and none of the others are correct taking us to $200,000+?

[Blockchain Backer @BCBacker]

So, the argument that we are following 2013 here, seems pretty valid up until this point:

[Blockchain Backer @BCBacker]

I don't say that to brag that I did that there. Obviously, prices are higher than where I sold my Bitcoin. I say that to show that I've held this belief for a long time, and executed a plan based on it. Expecting a 50% crash, similar to 2013. And, well, in 2021, we got it in May.

[Blockchain Backer @BCBacker]

Even in the 2013 run up, there was a 50% crash that took place prior to the final push to the end of the bull market.

I anticipated this, and sold 65% of my Bitcoin between $45,000-$58,000 back in February, to rotate it to the altcoin market.

https://t.co/um32SpOlni

[Blockchain Backer @BCBacker]

The problem with this, is that structure doesn't show a 50% crash, like we just experienced with Bitcoin, where we fell to $29,000.... or does it?

Yes, it does:

[Blockchain Backer @BCBacker]

If this was true, and we are replicating the distance of a previous "super cycle" of Bitcoin, that would take you to approximately $81,000.

[Blockchain Backer @BCBacker]

You can especially see this when looking at the correction, or, "bear market" of 2018-2020, and how it behaved in relation to 2013:

[Blockchain Backer @BCBacker]

However, of the last two years I have presented the idea that we are actually here:

[Blockchain Backer @BCBacker]

And, there is a lot of hope that the current phase of Bitcoin is more so like this phase in 2013, with a big grand finale on the horizon: