🅱️ Are We Bullish Yet? 35/45000 Next!
Updated
I know this might sound like a bad joke but some people are still bearish... Or I should say "slightly bearish/neutral"... They are expecting the market to tank/crash anytime now just because.
Please allow me to be the bringer of positive, enlightening and joyful news... The best is yet to come.
The orthodox end of the bear market happened June 2022, this is valid for the entire Cryptocurrency market.
The bear market bottom/low was hit November 2022 for Bitcoin as part of an irregular correction.
Once we hit bottom, all that is left is to go up.
I am repeating it again but this is the last time, as one of my dearest followers, you already know this but some people still don't know.
We are set to experience higher highs and higher lows, that's it, for years to come.
✔️ We are expecting a full-blown bull-market in 2024 and a new All-Time High for Bitcoin in 2025.
What about unexpected events?
Ok, yes... I understand.
- Let's say a pandemic breaks out and... Oh, this already happened.
- Let's say war breaks out and... Oh, this is already happening.
- Let's say companies are going bankrupt within the Cryptocurrency industry, let's say some governmental agencies are attacking everyone and... Hold on, this is already happening.
- Well, Let's say the banking system starts to burn, how will this affect Bitcoin, will it crash everything to new lows? My friend, this is already happening!
The worst is already happening... Not really!
The worst for Bitcoin already happened, the bear market.
We are now in the recovery phase and after the recovery phase positive news, positive events, growth, innovation, expansion, success... That's whats up.
Do you agree?
Let me know in the comments section below.
Are you bullish yet?
I've been bullish even before prices started to go up.
I switched bullish in July 2022... Early?
Better early than late.
Better late than never!
Thank you for your continued support.
Namaste.
Please allow me to be the bringer of positive, enlightening and joyful news... The best is yet to come.
The orthodox end of the bear market happened June 2022, this is valid for the entire Cryptocurrency market.
The bear market bottom/low was hit November 2022 for Bitcoin as part of an irregular correction.
Once we hit bottom, all that is left is to go up.
I am repeating it again but this is the last time, as one of my dearest followers, you already know this but some people still don't know.
We are set to experience higher highs and higher lows, that's it, for years to come.
✔️ We are expecting a full-blown bull-market in 2024 and a new All-Time High for Bitcoin in 2025.
What about unexpected events?
Ok, yes... I understand.
- Let's say a pandemic breaks out and... Oh, this already happened.
- Let's say war breaks out and... Oh, this is already happening.
- Let's say companies are going bankrupt within the Cryptocurrency industry, let's say some governmental agencies are attacking everyone and... Hold on, this is already happening.
- Well, Let's say the banking system starts to burn, how will this affect Bitcoin, will it crash everything to new lows? My friend, this is already happening!
The worst is already happening... Not really!
The worst for Bitcoin already happened, the bear market.
We are now in the recovery phase and after the recovery phase positive news, positive events, growth, innovation, expansion, success... That's whats up.
Do you agree?
Let me know in the comments section below.
Are you bullish yet?
I've been bullish even before prices started to go up.
I switched bullish in July 2022... Early?
Better early than late.
Better late than never!
Thank you for your continued support.
Namaste.
Note
----Bitcoin Grows 100% in 143 Days
It's been almost 5 months since Bitcoin hit bottom and so far we have an astonishing 100% growth... Wow, this is great.
Q: What to make of this?
Q: How to interpret this?
Q: What comes next?
These are some of the questions that can easily come to mind when considering this much growth.
First, whenever we hit a target, a correction/retrace is normal.
If you check our latest, active Bitcoin trade, we have a target exactly at 31 ,000... Which means that there is potential for a retrace. (You can find the full trade in the "Related Ideas" below).
This is positive and we can interpret this as a recovery rally as mentioned above.
Normally, as the growth is so strong people would expect a correction and a market crash but this is only based on assumptions and not real facts or chart technicals/signals, if we focus on reality and the chart, nothing is pointing to a crash right now. Everything continues healthy.
A new high is being hit today.
The week is yet to close...
Even if we look for some signals, to either side, we would need to wait for these signals to confirm and confirmation can take as long as 1-2 sessions, in this case 1-2 weeks.
You already know what's the bigger view, my perspective on the bigger picture and also my targets but, if you have any doubts or questions, feel free to do share them in the comments section.
I will be more than happy to reply or one of the many experienced traders in this TradingView community.
This is good... New highs, growth is always positive regardless of the market sentiment.
With bad news all across, this is a protection/confirmation signal that the best is yet to come.
Namaste.
Note
Bitcoin MonthlyThis is a pretty interesting chart, BTCUSD on the monthly timeframe.
First, we have the highest volume ever... Higher and higher.
Four months green.
Looking at 3 long corrections/bear markets in the past, never more than 2 months green.
We already have 3 months that closed green and this one hitting new highs.
If we go by past history, we are looking at 45/48k as the final target for this wave... Anything will do, the main point is that additional growth is more likely than not to take place.
I will share a new trade idea with a full monthly analysis, more data can be extracted from this chart.
Wishing you a lovely weekend.
Trade closed: target reached
If we go by past history, we are looking at 45/48k as the final target for this wave... Anything will do, the main point is that additional growth is more likely than not to take place.
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