BTCUSD: Holding the MA50 (1w) and parabolic rally starting.
Bitcoin tested and held the MA50 (1w) twice in the past 2 months.
Based on the last 2 Cycles and in particular October 2020 and 2016, such a rebound on the MA50 (1w) initiates the parabolic rally of the Cycle.
Trading Plan:
1. Buy on the current market price and hold until maximum August 2025.
Targets:
1. 100000 (minimum psychological target for those who don't want much risk on their holdings).
2. 230000 (maximum extension based on the notion that the price will rise approximately the same degree (+368%) as it did from the 2022 bottom to the March 2023 High).
Tips:
1. It is important to keep in mind that the Bull Cycle is far from over. It tends to peak towards the end of each year on a 4 year Cycle. First December 2017, then November 2021. This is why it is recommended to be out of the market by August 2025.
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Notes:
Past trading plan:
Based on the last 2 Cycles and in particular October 2020 and 2016, such a rebound on the MA50 (1w) initiates the parabolic rally of the Cycle.
Trading Plan:
1. Buy on the current market price and hold until maximum August 2025.
Targets:
1. 100000 (minimum psychological target for those who don't want much risk on their holdings).
2. 230000 (maximum extension based on the notion that the price will rise approximately the same degree (+368%) as it did from the 2022 bottom to the March 2023 High).
Tips:
1. It is important to keep in mind that the Bull Cycle is far from over. It tends to peak towards the end of each year on a 4 year Cycle. First December 2017, then November 2021. This is why it is recommended to be out of the market by August 2025.
Please like, follow and comment!!
Notes:
Past trading plan:
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