Bitcoin Potentially hitting $100,000 around January 31st 2021
Updated
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Since my last chart and update on Tradingview seen below, we precisely hit $33,000 as my blue fractal showed. But in this publication, I wanted to lay the ground to my alternate Megabull fractal /plan I have been also watching for few months now which is the purple Megabull fractal that points to $100,000 by January 30-31st 2021!
The $100,000 Megabull purple fractal by end of January 2021 would activate on a break out past $35,000s and confirm with a hit of $38,000.
Should this play out, then I would look to sell/short with some Bitcoins at $95,000-110,000 around January 31st with the aim to rebuy/relong on that steep crash down to $27,500-23,500.
Make no mistake $100,000 in that case would still NOT be the final top of this Megabull run, you will still need to hold strong for 10-11 more months until we reach the final top of the Megabull around End of November / Early December 2021 which in that purple scenario would be around $321,000-440,000.
Best of luck and happy trading!
Carl M.
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
Since my last chart and update on Tradingview seen below, we precisely hit $33,000 as my blue fractal showed. But in this publication, I wanted to lay the ground to my alternate Megabull fractal /plan I have been also watching for few months now which is the purple Megabull fractal that points to $100,000 by January 30-31st 2021!
The $100,000 Megabull purple fractal by end of January 2021 would activate on a break out past $35,000s and confirm with a hit of $38,000.
Should this play out, then I would look to sell/short with some Bitcoins at $95,000-110,000 around January 31st with the aim to rebuy/relong on that steep crash down to $27,500-23,500.
Make no mistake $100,000 in that case would still NOT be the final top of this Megabull run, you will still need to hold strong for 10-11 more months until we reach the final top of the Megabull around End of November / Early December 2021 which in that purple scenario would be around $321,000-440,000.
Best of luck and happy trading!
Carl M.
Trade active
Our $100,000 by January 31st 2021 purple fractal setup is gaining traction here while everyone is still hoping for a 30% retrace.Comment
No retrace, Bitcoin will keep running folks! Like and share! Buy and hold!Comment
Bitcoin short-term Megabull fractal is going as forecasted. Sideways on Bitcoin between $35,000-45,000 until January 17 before a break out to $65,000. In the meantime, ALTSUSD and ALTSBTC have the chance to rally.Comment
This 2013 parabolic Megabull fractal unfortunately seems to be in jeopardy or about to get VOID with a move below $31,500 to $28,000-26,000 support/range. Confirmation is with a breakdown to $31,500. Should this happen, then it would become highly likely to see Bitcoin go the longer and healthier Megabull road like 2017. I will cover this in another chart once we get a clear setup.
Comment
Bitcoin never broke below $31,500 so this setup to $100,000 viable still as long as we can see Bitcoin break past $44,000-45,000 when tested in few days. Keep holding folks!Trade closed: stop reached
The stop was reached on this trade once the neckline broke at $34,700.It is unlikely 100K is reached in February at this point. If anything changes I will update or issue a new chart.
Comment
100K is still achievable by March 1st roughly if we can break out this week to $50,000Comment
Looking good on the 3D Chart. 60K next then 100K blow off top.
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