January 25th 2021, Crypto Chartbook: Bitcoin, a peaceful future
It isn’t quite that simple since there is some inherent aggression within human existence. But from a simplified perspective (from a monetary view), one could make such a statement as we did in our headline. Think of it this way. All governments in power so far have financed their wars through gold. If they devalued their gold holdings by fiat currencies, they backed up their money supply with your savings. Once they ran through both (hyperinflation), wars ended them running out of means to finance them. Now, why is Bitcoin a peaceful future?
Part of the government being able to lend against your savings is the need to deposit your currency into the banking system. You’re forced to do so since it is impracticable to make long-distance financial transactions with cash tucked under your mattress and the risk of theft. Bitcoin allows for long-distance trade in a short time. This, without exposure to the government and as such not vulnerable to devaluation. This is more than just attractive.
BTC-USDT, Daily Chart, From last weeks chart book:
Last week we posted this daily chart to find ourselves taking four profitable long entries (posted in real time in our free Telegram channel) within this sliver of a forecasted support zone (see chart below).
BTC-USDT, Daily Chart, Just like Ordered:
BTC-USDT, Monthly Chart, Large time frame precision forecasting:
We also posted this monthly chart (see above) with a single entry price in our last week’s chartbookpublication. Bitcoin dropped from US$35,770 to US$28,850. It turned around only 38 points below the predicted entry-level of US$28,888. Trading entry risk of less than 0.13 percent (see chart below).
BTC-USDT, Monthly Chart, Extremely low-risk large time frame turning points:
We didn’t point this out as our achievement but rather illustrating that Bitcoin is tradeable with high accuracy. It is a likely tradeable instrument. If you are new to this market instrument, we encourage you to educate yourself about its various aspects and possible benefits for your wealth preservation and wealth creation portfolio.
We see bitcoin from these levels quickly rising to all-time highs and beyond.
Bitcoin, a peaceful future
We are not naive to realize there is a simplification underlying this hypothesis, but nevertheless, we find it compelling that such a way to peace is at least a possibility. We are confronted with a future from various aspects pointing towards a need to change in a shorter period than we are used to. Finances presenting such a huge element of our life, at least allowing for such a paradigm shift to transpire, is, in our humble opinion, an essentially needed first step and an encouraging thought for a better tomorrow. In other words, as Paul Tudor Jones stated: A Bet on Bitcoin Is a Bet on Human Ingenuity. And he is not alone in pointing towards a better future.
We post real time entries and exits for many cryptocurrencies in our free Telegram channel.
If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can subscribe to our free newsletter.