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austunutsua
Jan 21, 2021 12:01 AM

Bitcoin in 2021 Long

Bitcoin / U.S. dollarBitstamp

Description

Here I take two previous, patterned moves from 2017 and fit to current structure (fractal around June 2017). This gives me the ability to approximate its growth or decline over the next year. I then use these two situations to plot a general trajectory (dotted line). Finally, I estimate the curve for the 21 week moving average.

I foresee the possibility of a drop down between the 50 day and 100 day moving average on the daily time chart. My target buy region is between 30K and 26K.
Comments
BarrelinChad
Brilliant work. Did you execute a long below 30K?
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