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Analyst Predicts Bitcoin Price Rebound Above $10,000 by 2019

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Trading analyst predicts Bitcoin will drop to $4,000 prior to a rebound above $10,000 by 2019.

Todd Gordon, founder of TradingAnalysis.com predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019 on CNBC’s Stock Draft June 22.

Gordon suggested that BTC will drop below $5,000, subsequently hitting $10,000 by the end of the year, citing significant market volatility to be the main reason. When asked to explain his estimates, Gordon cited a “beautiful uptrend,” and called the recent correction down from $19,000 “inconsequential” given the gains in BTC price since 2015.

The analyst said that the current high to low range is 17 percent on average, which is one of the lowest BTC has ever seen. “There were times when it was 20, 30, 40 percent [per] week so, if I’m down 30 percent right now in Bitcoin, that’s nothing, I can make that up in two weeks,” he continued.

Gorgon argued that the cryptocurrency market is “very technically driven,” so reckoning on the technicals and market sentiment, it’s possible to recover certain losses in the near future.

Gordon’s site, TradingAnalysis.com, provides market analysis and trading strategies. Gordon has also made predictions about other markets, including commodities like crude oil. In November 2015, when crude was trading at $41, he predicted a decline of nearly 50 percent down to $26. In February of the following year, crude was trading at $26.05.

Earlier in June, stock analytics firm Trefis estimated a BTC year-end price of $12,500, which is $2,500 lower than their initial forecast. Trefis’ BTC forecast analytics is based on fundamentals of supply and demand, where demand is the number of users and the amount of transactions, and supply is the number of available BTC.

Last month, Wall Street analyst Spencer Bogart said that the major cryptocurrency will trade “at least” above $10,000 by the year’s end. He suggested that the reality of a deeper institutionalization of the crypto space is securing the long term “story,” and is “overall positive” for Bitcoin’s future.



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Bruce Bowen on Kawhi: 'Are you kidding me?'

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Bruce Bowen has issues with Kawhi Leonard. "You got $18 million this year, and you think that they're trying to rush you? You didn't play for the most part a full season this year ... and you want to say that they didn't have your best interest at heart?"



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Anthony Bourdain Toxicology Report: No Narcotics in His System

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The chef, author and television correspondent was found dead in a French hotel room last month. His death shook fans and colleagues across the world.


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02|17|18
Bruce Bowen on Kawhi: 'Are you kidding me?' -

Bruce Bowen has issues with Kawhi Leonard. "You got $18 million this year, and you think that they're trying to rush you? You didn't play for the most part a full season this year ... and you want to say that they didn't have your best interest at heart?"


02|17|18
Melania Trump, Agent of Coat Chaos -

Melania Trump’s excursion in her “I Really Don’t Care” jacket did not send a hidden message. It was there for all to see.


02|17|18
2 Chainz Has His Eyes Locked On Drake’s Scorpion Billboard: “Don’t Hit Me When You Hear This” -

Atlanta rapper 2 Chainz might either know what’s to come when Scorpion drops or else is just as hyped as the standard Drake fan. Deuce hit up social media this week to hype up expectations for Drizzy’s highly-anticipate album. Chainz went to Instagram Friday (June 22) to post up a pic showing one of Drake’s […]

The post 2 Chainz Has His Eyes Locked On Drake’s Scorpion Billboard: “Don’t Hit Me When You Hear This” appeared first on SOHH.com.


02|17|18
The unmistakable sounds of children sobbing hard became the soundtrack of the immigration crisis -

The sounds are unmistakable: Children sobbing. Hard. Begging to be allowed to see their parents, their aunt, a relative. And then crying again when told that isn't possible.


02|17|18
Your How-To Guide for Growing Astragalus -

By Dr. Mercola

Astragalus (Astragalus membranaceus), a member of the pea family, is an adaptogenic herb with a long history of use in Traditional Chinese Medicine as an immune strengthening tonic, where it goes by the name of Huang Qi and Hwanqqi. Another English name for this shrub is milkvetch.

Adaptogenic herbs help your body adapt to physical, emotional or mental stress. The immune boosting, anti-inflammatory and antibacterial properties of astragalus also lowers your risk for infections and other diseases. The most important part of the plant is its root, which has a distinct yellow color. For medical use, the root is made into powder, herbal decoctions, tea, capsules and ointments. The raw root can also be used in cooking.

Astragalus oil, which you can make yourself, also has both therapeutic and cosmetic uses. Taken internally, astragalus oil helps boost your immune response by promoting the production of antibodies. It also helps maintain your digestive health and can help alleviate ulcers by promoting the healthy balance of gastric juices and gastric acid in your stomach.

As most adaptogens, astragalus has a rather long list of potential uses. Products containing astragalus have been shown useful in the treatment of chronic weakness and fatigue, bloating, heart failure, night sweats, nephritis, urinary tract infections, allergies, and cold and flu prevention. To take full advantage of this medicinal plant, why not consider growing some in your backyard?1,2,3

Astragalus Growing and Harvesting Guide

Astragalus is a perennial plant with hairy stems that can grow up to 4 feet tall, producing small yellow flowers that eventually turn into egg-shaped beans. Flowering season runs from midsummer through late fall. It grows well in zones 6 through 11. Seeds will germinate in three to 10 days following a three-week-long cold period. However, seed germination rate tends to be low, and should you store seeds, be sure to use them within two years. After that, they may no longer germinate at all.

Once your seeds have been cold stratified, rub the seed on fine sandpaper to rough up the outer shell. Just don’t rub too hard, as you don’t want to damage the inside. This procedure may seem onerous, but will help accelerate and improve germination. Next, soak the seeds in water for a few hours or overnight. Now, the seeds are ready for planting. Start out by planting the seeds in a small pot or starter tray, using high quality seed starting mix.

Press the seeds about one-quarter inch to 1 inch into the soil and cover. Keep soil moist but not soggy until seeds start to sprout. Keep the pots on a window sill or in an area that receives morning sun. Once the seedlings have grown a few inches tall, transfer them to larger pots or straight into your garden, provided there’s no risk of frost.

Contrary to many other plants, astragalus prefers dry, sandy soil, and needs partial shade to full sun. Ideal pH is around 7. If you plant more than one, space them at least 15 feet apart. Since sandy soils tend to dry out quickly, you may need to water more regularly than other plants until it’s established.

Whether you’re growing it in a pot or in the ground, make sure the root ball stays moist. This is particularly important during the summer. Mulching around it will help retain water by slowing down evaporation. Every few months, apply compost or rotted manure around the plant. Avoid all synthetic, inorganic fertilizers and pesticides if you intend to use the root medicinally. Keep in mind that astragalus has a tendency to get invasive if it’s in an ideal spot, so prune annually to maintain the desired shape and size.

The medicinal root can be harvested after two to three years. Two years is generally considered the minimum, or else the rootstock will not be adequately large to make something out of. To harvest the root, use a garden fork or needle-nose spade to loosen the soil around the plant to where you can pull up the taproot.

How to Make Astragalus Oil

Once you’ve harvested the root, there are a variety of ways you can use it. As mentioned earlier, you can make your own astragalus oil for topical or internal use. Here’s how:

Materials

  • Astragalus root
  • Carrier oil (serves as your base; popular choices include sweet almond, coconut oil and olive oil)
  • Spoon for mixing
  • Unbleached cheesecloth, muslin or fine gauze
  • Double boiler or a crockpot
  • Glass jar for storage

Procedure

  1. Combine the root and the oil in the double boiler. The ideal ratio would be 1 cup of carrier oil to every 1/4 ounce of astragalus
  2. Heat slowly over low heat (140 degrees Fahrenheit) for six to eight hours.
  3. When done, strain the mixture and transfer it to a glass jar or container of your choice

How to Make Astragalus Tincture

Another alternative is to make a tincture, which can be taken internally as needed. Heather Harris with The Homesteading Hippy provides a simple 1-to-5 tincture recipe on her site, summarized here. She suggests placing the tincture in capsules if you don’t like the flavor. For more details and dosage suggestions, see thehomesteadinghippy.com.4

  • Pour 10 grams of shredded astragalus root into a large bottle or jar
  • Add 50 milliliters (ml) — 3.38 tablespoons — of 80 proof vodka (if using smaller amounts, use 1 gram of astragalus root for every 5 ml of vodka)
  • Cap the bottle or jar and let the herbs soak for 30 days
  • After 30 days, strain out the root and store the tincture in a glass eyedropper bottle. Stored tightly capped in a cool, dark place, the tincture’s shelf life will be several years

How to Make Astragalus Tea

For an immune-boosting beverage, try making an astragalus tea, made from either fresh or dried root. A simple recipe by Leaf.tv is as follows:5

  • In a pot, add 4 ounces of fresh astragalus root, or 3 to 5 tablespoons of dried root, to 1 quart of water
  • Boil the root for three to four minutes
  • Strain to remove root and debris
  • Serve hot or cold

Astragalus Immune-Boosting Soup Recipe

Last but not least, fresh astragalus root can also be used in your cooking. Chicken soup is known to help speed up the recovery process when you’re sick. By incorporating the astragalus herb, you’re giving it an added medicinal kick. Here’s a sample recipe from homemadechinesesoups.com.6

Ingredients

  • 1 free-range organic chicken thigh
  • 4 slices of astragalus root
  • 8 red dates
  • 1 tablespoon goji berries
  • 500 ml water (17 ounces or a little over a pint)

Procedure (for double-boiling jar)

  1. Wash and clean the chicken thigh. Trim away excess fat and skin.
  2. Parboil the chicken thigh.
  3. Soak the astragalus, red dates and goji berries for a short while.
  4. Cut the red dates into halves and remove the seeds.
  5. Place all the ingredients into the double-boiling jar.
  6. Pour enough cold water into the jar to cover the ingredients.
  7. Place the jar into a deep pot and fill the pot with water until the jar is half submerged.
  8. Bring the pot of water to a boil, lower the heat to a simmer and cook for about one hour.
  9. Add salt to taste before serving.



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