TradingView
GandalfTheBitcoinWizard
Nov 18, 2020 1:51 PM

BTC/USD - New moon? Long

Bitcoin / United States DollarCoinbase

Description

There are 2 possible scenarios for BTC/USD. If we get a weekly (or even just daily) close above 20k we are going to moon and ~19k can be set as stoploss (if using margin - safer option is no margin and HODL).

If we cant establish above 20k we will bounce back down for a bit, but shouldn't go under 10k, and maybe we will only go down to 15k$. That is an opportunity to buy at lower prices (dont use margin if u ask me). Then eventually we will come back up and break through the 20k.

After breaking thru 20k, in a few years minimum target is 50k, possible target 300k and if theres another crazy boom we could hit 1M for very short time (unlikely IMO).
More