SUMMARY
On BitcoinLive; daily Crypto updates are made available while also, on demand analysis requests are fast filled. Join us as we have now opened up monthly and quarterly subscriptions. Use this link: https://bitcoin.live?aid=110. Below is an excerpt of a recent Bitcoin analysis.
This post is one you might not want to disregard but consider on how it can severely, positively impact your wealth. Both AJ Frost and R. Prechter, authors of the Elliott Wave Principle, studied and applied the Benner Cycle since it jived so well with Elliott Waves. This is of no surprise since both are Fibonacci derived.
Samuel Benner was a farmer who went broke because of the 1873. He setup as to why and what moved the boom and bust cycles. Perhaps, he was the earlier incarnation of RN Elliott himself, for Mr. Benner had the genius to observe and extrapolate the following:
Market peaks cycled in 8, 9 and 10 year additives
Market lows cycled in 11, 9 and 7 additives
In other words, he proposed a 54 year panic cycle composed of crisis panics every 16, 18, 20 years and this series repeated every 54 years. The 8, 9, 10 are 1/2 of the 16, 18 and 20.
I have taken these and applied to Bitcoin. The first table shows the projected years that could register BTC price highs. Since BTC was born in 2009; adding 8 years shows that 2017 was certainly the peak year drivine by the mania, CME futures and FOMO. Now, IF 9 years are added to 2017; that makes the next major cycle price peak to occur on 2026. What might drive this from a news/event/fundamental perspective? Perhaps the ETFs, Index ETFs. Perhaps BTC will be regarded as the new safe haven against equity bust cycles. What's importan is that IF the Benner cycle is correct, the BTC has a 9 year bull market coming up!!! IF 10 years are added to 2026; that makes 2036 another price peak year. This is why I've been stressing a HODL until 2024 to 2034!! I always +/- 2 years because cycles can be extended or shortened. So, if we have a 9 year bull market coming up, is this the time to be taking buying or selling actions? Is this the time to be doing silly swing or day trades or buy and hold until 2024?
Here are the upcoming Benner Cycle lows for Bitcoin. Benner lows are projected at 11, 9 and 7 year additives. IF the correction finishes in 2018; then adding 11 years would have the year 2029 as being the next major correction bottom for BTC. Add 9 years to 2029; that gives 2038 and pluse 7 gives 2045. The correction of 2018 was a flameout of the FOMO mania and CME futures. The 2029 could be the Central Banks waging true war against Cryptos...who knows. What's important is that the current 2018 correction is a major landmark not to be ignored. During this heightened fear period, it's not the time to be listening to your fears...but go against them and take a solid position for the upcoming 9 year bull market!!
11-10-7 Year Cycle of Bitcoin Lows
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. !
The Prophet has returned! Thanks for this great information @haejin and I will see you on the other side of the bull market!
Glad it's helpful. This doesn't mean a straight line to all time new highs. It does, however, mean that long term greediness is required and not short term myopia.
@haejin big things happening in Bitshares. Announcements very soon ! Your prediction of $343 may actually come true !
why is that? I got plenty of BTS sleeping
a number of big projects are about to come to fruition which should see bitshares where it belongs on coinmarketcap
you must be talking about the new BTS, Quintric, and so on? Yes, very promising. Looking forward to it.
Partly because yes they are indeed fantastic and are going to be huge, but boy is there more to come !
If anyone hasn't already created an account, sign up and get in now
https://wallet.bitshares.org/?r=batfinkler7
What about the 2013-2015 (june) bear market? $1100 > $165 at that time. Why didn't you take it into account? (legit questions, I'm interested if there's a reason behind that choice)
The 2013-2015 correction was not the major peak. Also, they were component waves of the five that ended on $20k. Even from now to the next 9 years, it doesn't mean a correctionless pathway...there definitely will be corrections; but the next major peak at perhaps cycle degree would be in 9 years.
Thank you @haejin, I appreciate your answering my question. Have a good one.
More bitcoin coverage plz and thx
I LOVE this!!! Great post Mr. Haejin! I hope this comes true, I'm currently positioning myself to do well if it does. I'll owe you a case of beer in 2026 buddy.
My portfolio is being positioned for the long term of the coming 9 year bull market. Bear in mind that there will be corrections along the way but likely not major bear market types.