Bitcoin (BTC), the flagship cryptocurrency in the world, started a new cycle on its 10th birthday. Bitcoin was officially released on Friday, October 31, 2008. Let's first see how the BTC/USD 4H chart below stands and ascertain how BTC ended its correction on Wednesday, October 31, 2018, and how it started its next cycle. BTC finished its correction in 2014 the same way it happened at the end of last month, by first going above the triangle and thereafter correction above it.
Currently, the market cap is at $213 billion. Bitcoin is trading at $6,429, Ethereum (ETH) at $213, Ripple (XRP) is at $0.508 and Bitcoin Cash (BCH) is at $556.
Before analyzing the two charts in detail, let's first know the secret behind the two numerals, "10" and "2018". Was it planned or just a coincidence that BTC finished it correction on Wednesday 31-10-2018? In order to get the real answer to this puzzle, we shall have to first discover the originality of the numbers " 10" and "2018".
30 years ago in the month of September 1988, the Economist printed a cover photo on its magazine with the title "Get ready for a world currency". The article on this very subject carried a title dubbed " One world, one money". If you want to read the full article, you can right away access it from here. The cover photo also shows the phoenix emerging from flaming dollar bills (physical money).
Source: Economist; 01/9/88, Vol. 306, pp 9–10
As you can see in the photo, the phoenix is wearing a coin-shaped pendant on its neck with the numbers "10" and "2018". Remember that was in 1988, even before the 2008 financial crisis happened. Let's dig deep and see what these numbers could mean.
The number " 2018" without doubt simply means the year "2018". The number "10" could also mean the month of October. So when you combine them, they generally mean the Bitcoin's 10th birthday that reached on Wednesday 31-10-2018. Leaving all that aside, the big question is - What truly is the significance of this thing?
Those that critically follow history, economics and politics understand the relationship of these three things especially on a macro scale, which may be difficult to understand for the average person. However, if you analyze the chart based on these critical pillars, then everything lines up clearly. Most things that happen, do so because they are preplanned by powerful individuals, which is not the case with Bitcoin since its decentralized.
Therefore, when Satoshi Nakamoto, the developer of Bitcoin, wrote the whitepaper and sent it to particular private mailboxes. With things such as Bitcoin, signaling has to be done in this manner since there is no any proper method for managing certain occurrences specifically on a macro scale.
Putting in mind that another financial crisis is yet to occur, it's therefore satisfactory to surmise that the Economist's article that was published way back in 1988 carrying the numbers "10" and "2018" is telling us that this might be the real time to see "one world one money" come true. The messaging via the numbers "10" and "2018" is of gigantic significance.
When it happens and we have an ETF or any major institutional adoption via Baakt before the end of 2018, then it will perfectly explain why the year 2018 was supposed to be a weighty year. Take a look and see what happened on the 2015 BTC/USD daily chart, you will see that the price changed that same way it's moving currently. Clearly compare the charts by yourself and see their resemblance.
However, as lawyer Jake Chervinsky recently tweeted about, the previous rejection of 9 BTC ETFs by the US SEC and revealed it would more likely to be done very soon. The lawyer elaborated that the deadline now set for the US SEC staff to make a decision on the VanEck/SolidX ETF will be December 29, 2018.