Isosceles_Trade

Bitcoin Full Bull Cycle 2021 $194k $BTC

Long
BNC:BLX   Bitcoin Liquid Index
BLX

Fibs are based on log and 0 fib from the last two cycles are drawn from the previous 1.618 fib levels (pink lines).
Max Keiser's $220k target is basically the 2.3 fib extension using the very bottom of the 2020 bear market bottom wick.
My target is the 2.39 fib extension which is the average of the two previous bull market fib extensions 2.3 and 2.486.

This gives a bullish target of $194k. While I think Max Keiser's target is possible it's only a 12% difference and could be an intraday move.
You don't have to catch the top, you just have to ride the dragon most of the way
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