Coincidences... and more coincidences. Is a new BTC Bull Run upon us?
Since December last year I've been noticing something in the Crypto Markets. A Coincidence, so to speak. So take this post of mine with a big pinch of salt because I'm might be totally wrong about this.
Since the end of last year and all through 2019, I've noticed that MCO seems to give the hint for the approaching Bull Run in BTC. Whenever MCO jumps, BTC usually follows, be it 15 minutes later, 15 days later or a month later...
(MCO is a coin associated to Crypto.com, for those who don't know.)
This pattern seems to have repeated itself a few times this year:
- MCO bottomed out on February 7th; BTC bottomed out on February 8th;
- MCO had its breakout on February 16th; BTC had its breakout on March 3rd;
- MCO hit the 2019 ATH on June 26th; BTC hit the 2019 ATH on June 27th;
- MCO bottomed out on September 30th; BTC bottomed out on October 25th;
- MCO had its breakout on October 10th; BTC had its breakout on October 26th (?);
4 coincidences already... possibly 5, if BTC stays above the October 26th level.
And last night, precisely at Midnight (UTC), I noticed a huge breakout on MCO. If history repeats itself, BTC should have a breakout soon. Let's wait to see if it does...
Here are the charts of both assets, so you can see it for yourself.
- This is MCO:
- This is BTC:
What do you think? Am I on to something or are these really nothing more than coincidences?
Disclaimer
From all the projects out there, Steem and Crypto.com are the only ones I really use. From those, in 2019, I have only invested in Crypto.com as the constant changes in Steem have put me off as an investor. Now I'm just using Steem a consumer, like most of you out there.
Crypto.com is a very interesting project and has a multi-purpose app where you can buy and sell Crypto, lock it for up to 3 months on Deposits to earn interest over BTC, ETH, MCO (and others), a Visa Card with Crypto Cashback and a few other benefits, such as discounts on Spotify and NetFlix and more.
All things considered, I believe it's one of the most solid and credible Crypto Projects out there... and if you want to try it, you can do it following this link. You don't have to pay anything to try it... but if you like it and decide to order yourself a Visa Card, you can save $50 on your investment by using this link.
As always, this is not investment advice. Do your own research and use your own head.
Good eye, @trincowski. I’ll be the first to admit I won’t be slightly disappointed if you nailed it! Not even slightly.
I actually got in on MCO when it was first released on Bittrex probably around early 2018?? I think that’s about the time. I ended up trading it off prior to them introducing their debit card and it spiked—I really should’ve waited til then to sell it off.
Go Bitcoin!
Thanks. If this happens again, I'm going to freak out! Eheheheh! Is MCO leading the Crypto markets? Anyway, whatever happens this card will be very useful on my travels. 🤓
Here's a little !BEER and a !DERANGED token, too.
Edit: The bots were asleep. Let's try again. It looks like BTC has just fallen to the level I was talking about. If we go down from here, we're facing another Bear Market. If it stays above, a Bull Market is a possibility. Let's see how this line is defended. Or not.
Another bear market or just a repeat of yesterday’s market, the day before, the day before that and pretty much the past two years? Insert a sleeping grizzly emoji here.
No worries about the bots, @trincowski, I appreciate the gesture, sir!
Bull Market canceled. Down we go. $5200 ... and $4500, here we go. Brace yourselves.
I call them signals, @trincowski. The guys we don’t stand a chance competing against are talking to each other. The cap was at $103B at the beginning of the year so, technically, we’re still up.
Crops your fingers, pinch salt, piss against the wind, I’m sure there’s a suspicion around here somewhere that’ll wake that dang bear up. 👍🏿 ....Says the dumbest guy in this conversation.
Trin, if this is true, let me know immediately! I want to ride this bull run! hahahahaha
Only time will tell. If Bitcoin doesn't go below $7400, the chances of this happening increase exponentially. 🙃
yay!maybe, I might not need to work anymore and travel like Trin! hahahahahaha
😊
Nope. It wasn't confirmed. Down and down we'll go.
oh. that's too sad. Who knows what 2020 brings us though.....
More falling prices? Steem at 1 cent? Who knows?
According to the Chinese it will be a bad year because 2+0+2+0 = 4 and 4 is the number of the Death, in Asian culture. Right? Maybe we need to wait until 2024, if their numerology is correct.
I wish I had so much understanding of all those things :o
Don't worry, I hardly know anything myself. 😂
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We all live in hope. For the short term, I think it's going to continue to be rocky as more and more coins and tokens are created, everyone hoping to copy the success that BTC had a couple of years ago. Once things have settled down, things will improve. Once governments have decided to accept the inevitable, things will improve... Improvement will come, but we must be patient - and that's the hardest thing of all.
My scenario was invalidated this morning... down we go again. 😞
awww.
But you gave me something to support when no one else was posting in the post-promo room... so it still provided some use. ;-)
Yay!
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