When I was going through different correlations of asset prices, I noticed bitcoin's correlation to the nasdaq100 went to some sort of cycle, which corresponded with the last two bitcoin halving cycles (4-year cycles). This I used as the basis of my analysis. I also marked my area of interest for long term buys. Of course, I can not guarantee these price levels...
this is my bullish projection, if we get anything like this without a rejection from the last highs i will remain bullish. if we get rejected from the potential supply area at 43k, that would probably be bearish. just my own views here, i am not an expert trader ;) good luck
these are my projections for the rest of the year. i am very curious how this will play out.
fractal from early 2017. probably not plays out that way though. we shall see.
I sketched two possible outcomes a while ago. now i am leaning towards the bearish case. -> bullish continuation for equities and crypto
I sketched two possible outcomes a while ago. now i am leaning towards the bearish case. -> bullish continuation for equities and crypto
Based on the price action of the previous bitcoin cycles bitcoin is heading towards a price valuation of around $250k per bitcoin. Market cap: $250k * 18,800,000 = 4,700,000,000,000 = 4,7 Trillion USD, which is the about the half of the current market capitalisation of gold (not only the gold which is meant as store of value). It may sound crazy, but this...
first large 6h close above the previous resistance
macro picture looks bullish to me. happy new year guys