AspiringPro

AspiringPro

Been trading long enough to know that a vertical move like this is not sustainable for too long. I'm thinking we violate this uptrend at some point this month, and retrace to the .618, before resuming a more mild rate of growth.

AspiringPro

For personal use. Lets see how far we can get. 4.26 is usually hit in BTC bull markets, so 180k very possible.

AspiringPro Updated 

This is the BTC chart since 2012. Those who warned that a higher market cap would result in a slower nominal growth going forward were, obviously, correct. This new growth channel still technically allows for $150,000 before 2022, but also for prices as low as $20,000. Eventually, (maybe in 10+ years) a flat curve will likely develop signaling BTC's readiness to...

AspiringPro Updated 

A little early to call but I'm calling it a descending widening wedge. Could range here all throughout summer before breaking. Since its a bullish formation I have to be bullish long term, but with the possibility of seeing mid-20k's within this structure. Lets see! I'll be trying to buy anything below $30,000

AspiringPro

BTC has a history of extreme fakeouts. I am carefully watching this technical development to see if the triangle breakout fails after reaching the .5 fib. Barring a fakeout, we may attempt to make new highs. Tesla has not sold its BTC, neither has Elon, mining has stabilized. A lot of fundamentals have changed back to bullish. We are now awaiting regulatory...

AspiringPro

Its fun to play around with these charts, but lets be honest the only thing that matters anymore is stimulus. The world will be dealing with the economic effects of this virus for a generation to come. In my opinion we're only getting started. We're the economic renegades, betting on the collapse of the existing world order. If we make it, I'll see you twats at...

AspiringPro

Could it really be that the bull market has been put on hold for another lengthy consolidation period? idk, just a thought.

AspiringPro Updated 

double bottom, then breakout over downtrend and consolidation with backtest.

AspiringPro

We're at that point where its time for BTC to make a decision - will we make it over the hump or dump back down?

AspiringPro

Don;t mind me just using this to make sure we don't break back into the triangle.

AspiringPro

see ya later space cowboy

AspiringPro

I have been messing around with this idea for some time, and wanted to post it to TV to keep track of it as time passes. The BB can be an effective bubble indicator on a LONG TIME FRAME for the following reasons - -When prices are EXTREMELY high, the band will stretch to an enormous width, indicating a bubble in prices by displaying possibility of an equally...

AspiringPro

-Strong break out of descending channel -Resting on .618 -Will likely backtest the channel first (BTC loves to backtest triangle/wedge/channel breakouts) -Approaching the 10 year trendline I wrote about in my previous analysis ~$80,000, 2.618. Very interested to see what happens up there. -Bulls defended the relatively steep 1Y support -MACD ready to cross over...

AspiringPro Updated 

petering out

AspiringPro

Don't mind me, just watching this play out. Though, the sell side pressure is heavy this time around.

AspiringPro

lol

AspiringPro

moon soon sirs

AspiringPro

There is a nearly 10 year trendline for BTC that will be tested this year - in the $75,000-$100,000 range, depending on WHEN we get there. As you can see, this trendline was support for BTC all the way until 2018, then it was flipped to resistance in 2019. We are now nearing this trendline once again to retest. This is a major technical development because like I...