TheTravel1ngTrader

BITCOIN LOVES ELECTIONS! Major breakout coming?

Long
BITSTAMP:BTCUSD   Bitcoin
Here is why I'm ultra bullish on #Bitcoin leading up to the election. Bitcoin is forming a repeating pattern on the monthly chart, which is clear as day.

* Bitcoin eventually broke out after the 2012 election, finding its first major ceiling in 2013.
* Bitcoin then formed a huge accumulation rounding bottom that lasted 1100 days.
* After the 2016 election it broke out of the rounding bottom forming another violent upward trend line leading into the famous 2017 rally.
* We then entered another 1100 day rounding bottom accumulation, where we currently sit today before the 2020 election.

If we can close above $14K on the weekly, expect a rally past all time highs in the coming months!

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Check out my previous Bitcoin idea where we booked over 200% on a leveraged long

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