My experience in the market over the last 4 years has led me to conclude that we have been through two super cycles , and in conjunction with the fib levels, I speculate that we may see a final run up with Bitcoin before entering inton a bear market. Exciting times for altcoins...
In spite of tapering and rising interest rates, once the stock market falls another coherent narrative will take over to justify printing, interest rates are expected to fall in my opinion.
ATC will be reached in late 2022 or Q1 2023 at the end of BTC's 3rd wave that has yet to come.
Exiting the market after the full 4.236 Fib extension is advised in this theory. It is estimated that BTC will reach 75k to 85k before the price enters a 70% correction
COINBASE:BTCUSD
The technical indicators are pointing out another short-term relief rally. Target levels are at minimum $40,000 Bitcoin and above, however there are historical indicators pointing out that we are heading into a short-term bear market until we reach another ATH in Bitcoin.
Time is on our side, #HODL.
This target is suggesting that the bitcoin target will reach around 180k by the end of the year.
However if this channel breaks to the downside we might discover another U-Shape recovery just like the 2013 bullrun
#HODL
BTC took a big hit from Elon Musk.
However it is a short-term dump where weak hands and get rich quick institutional investors are being liquidated.
Elon pumped bitcoin when he first announced that tesla purchased into the new asset-class.
Adoption will come back faster and stronger, the longevity implies a resistance to change independent from influencers in...
An update on the 4h time-frame. This is an important finding that shows Bitcoin repeating a process which last time we saw it 26th January 2021 where both 50 days MA and 200 days MA crossed and reversed. It created a similar pattern on the RSI with higher highs and higher lows. We are currently accumulating on the RSI for a major breakout upwards.
