Bitcoin- BTC- Portfolio Weight-(60%)
Trade Status: Hawk Eye . Dec.22.2017
We are in very precarious times, BTC has broken through the previous trends of the .786 mark and is continuing downwards, now, if we break the .618 support area- we could come tumbling down and down to the 3000$ range!! Most people would lose their stomachs with that, so it could be an iffy game If we break through that 12500 mark and push to 10,000. There is not a lot of anything holding us up. This is a very precarious time in the market for the eco system as a whole and we will be on the charts with a hawk eye for the next week making sure we should be liquidating to USD, just in case. Profits at 20k should have been taken and enjoyed for the months to come. I will keep everyone updated on what my plan is.
Nov.24.2017 . Trade Status: Long Term Hold and Accumulation
Yes, that’s right, we are back online and working for the Grizzly bear family. Thank you for all the patience that goes into building new communities like this. I can’t stress enough how much extra work it is to keep us moving forward at full tilt. It will be noticeable for the payout for the group soon enough. Even though it took us a few weeks almost a month, you can see our previous charts rung true. There isn’t really a need for constant updates. We followed the patterns and we are rechecking in. Now that we have broken through, 8-9k Is next follower by around 14k$ IN the early spring. Keep your eyes on this entire space as it is exploding!
Its why we are diligently working on the education and informational side of the site as soon as we possibly can. Again thank you Grizzly Bear Family for the support. Get excited about more updates and tokens being added to the Arcane Bear Eco system. Thank you for all the support.
We are leaving charts the same, Bitcoin as broken into all time highs but the long term move here is the same as we had mentioned before. We expect to see around he $6800 mark before we start to make elliot wave corrections down ti around the 4800$ mark. Enjoy the ride bear family!!
AS you can see, we are looking like we entered the third wave, we are looking for only a shallow retest in wave four of Bitcoin of around $3800 and also looking for a even higher parabolic move for the fifth wave between 6400-7200$ We will ad more charts as we go, including our Fib retracements on a cleaner photo. We will also be adding notes to these longer term moves as we go. This can take weeks or months to complete. This will not happen overnight!
Bitcoin (BTC) is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, since the system works without a central repository or single administrator. It was invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto and released as open-source software in 2009.
The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
Info about BTC is sourced from wikipedia just as a general introduction to those who do not yet know.