This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $1200 worth. I really encourage you to check them out.All-time highs happen on every asset - they are inevitable in a rising market. Anytime the price incrementally increases past a previous high, a new “all-time high” is made.What’s far more interesting to examine than the Bitcoin all-time high is the major recoveries Bitcoin has made since it was created. Let’s take a look at some of the significant recoveries in the past.Bitcoin Hit $20, Dropped to $2Bitcoin Hit $1,150, Dropped to $178Bitcoin Hit $19,700, Dropped to $3,250These are the three largest and most significant corrections, excluding very early price action below $1. In addition to these three, there are two other drops that eliminated 75% and 56% of Bitcoin’s price when they occurred.The 5 most prominent drops were 94%, 75%, 86%, 85%, and 56%.In each instance, Bitcoin recovered from the correction and rose to new highs. How much did it rise after returning to the pre-crash price? 708%, 343%, 1,620%, 228%, and ____%. Think about that. AFTER RECOVERING back to the price where the crash started, it continued to rise by these astounding percentages.The unknown percentage at the end? We have just begun discovering it. This will be a slow process - in the past it has taken as long as 4 years.The average price rise after the 4 major recoveries is 724% - WOW. What if Bitcoin simply appreciates by 1/4 of that 724% average? That would be a 181% price increase from where we are now - about $119,000. If Bitcoin manages to appreciate by half of the average, it would rise by 362% from the current price. That takes us to $238,000 - the sweet spot.If you are a paid member this number should look familiar, as it’s a figure that I have talked about quite often. Here’s a hint for my free members - it’s right in the range of my guess for the cycle high, calculated from the average of many popular predictions.There is precedent that leads us to believe price is going a lot higher.Enjoy the ride.To my free members (I love you!) - paid members receive emails like this at 5 times a week - Monday through Friday. Every Wednesday I chart any request sent by my paid members, often over 30 charts. It’s a ridiculous amount of work, but I do my best to add real value to anyone who subscribes. If you would like to join the paid side, you can do so for $15 a month here.In This Issue:All Time High!Bitcoin Thoughts And AnalysisAltcoin ChartsBitcoin ATH And Why This Time Is Different - IntoTheBlockChart RequestsIt’s Time To Secure Those Bags$1 Million Tether Bounty Causes ControversyFacebook is Changing Its NameBitcoin Run Driven By InflationThe Wolf Of All Streets Podcast Ft. Eswar PrasadMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #355 - All Time High!
The Wolf Den #355 - All Time High!
The Wolf Den #355 - All Time High!
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $1200 worth. I really encourage you to check them out.All-time highs happen on every asset - they are inevitable in a rising market. Anytime the price incrementally increases past a previous high, a new “all-time high” is made.What’s far more interesting to examine than the Bitcoin all-time high is the major recoveries Bitcoin has made since it was created. Let’s take a look at some of the significant recoveries in the past.Bitcoin Hit $20, Dropped to $2Bitcoin Hit $1,150, Dropped to $178Bitcoin Hit $19,700, Dropped to $3,250These are the three largest and most significant corrections, excluding very early price action below $1. In addition to these three, there are two other drops that eliminated 75% and 56% of Bitcoin’s price when they occurred.The 5 most prominent drops were 94%, 75%, 86%, 85%, and 56%.In each instance, Bitcoin recovered from the correction and rose to new highs. How much did it rise after returning to the pre-crash price? 708%, 343%, 1,620%, 228%, and ____%. Think about that. AFTER RECOVERING back to the price where the crash started, it continued to rise by these astounding percentages.The unknown percentage at the end? We have just begun discovering it. This will be a slow process - in the past it has taken as long as 4 years.The average price rise after the 4 major recoveries is 724% - WOW. What if Bitcoin simply appreciates by 1/4 of that 724% average? That would be a 181% price increase from where we are now - about $119,000. If Bitcoin manages to appreciate by half of the average, it would rise by 362% from the current price. That takes us to $238,000 - the sweet spot.If you are a paid member this number should look familiar, as it’s a figure that I have talked about quite often. Here’s a hint for my free members - it’s right in the range of my guess for the cycle high, calculated from the average of many popular predictions.There is precedent that leads us to believe price is going a lot higher.Enjoy the ride.To my free members (I love you!) - paid members receive emails like this at 5 times a week - Monday through Friday. Every Wednesday I chart any request sent by my paid members, often over 30 charts. It’s a ridiculous amount of work, but I do my best to add real value to anyone who subscribes. If you would like to join the paid side, you can do so for $15 a month here.In This Issue:All Time High!Bitcoin Thoughts And AnalysisAltcoin ChartsBitcoin ATH And Why This Time Is Different - IntoTheBlockChart RequestsIt’s Time To Secure Those Bags$1 Million Tether Bounty Causes ControversyFacebook is Changing Its NameBitcoin Run Driven By InflationThe Wolf Of All Streets Podcast Ft. Eswar PrasadMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO