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RaduV
Sep 24, 2018 4:42 AM

BTC Long term projection: 2022 target 180.000 USD (30X growth) Long

BITFINEX:BTCUSD1M
Bitcoin / DollarBitfinex

Description

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You're more than familiar with the 1H, 4H or 1Day patterns of BTCUSD but have a look at the MONTH chart in Log mode.

If we look into past bull/bear cycles, without taking any exponential growth/adoption in consideration, we can draw following conclusions:

- BTC can fall to $1500 and still be in a bullish channel
- BTC can find again resistance in 2022 at the price of about $180.000

Keep it simple & Happy trading:)

Trend AnalysisChart PatternsBTCUSDBTCBullish Patterns
Comments
Netromforlife
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Great and simple analysis. Keep up the good work.
RaduV
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@Netromforlife, thanks mate!
achtung360
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After deep consideration of the data this is my thoughts strictly from TA perspective.
RaduV
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@achtung360, looks cool:)
eduardokaykedasilva
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You did it wrong!
In crypto-coins have to use the log graphic!

RaduV
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@eduardokaykedasilva, it's Log, Month buddy
Goodtrader83
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It looks like an gigantic cup and handle to me, I think that we can see ATH much earlier then 2022, maybe already in the next month. Until the end of this year I expect at least 35-40k.
RaduV
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@Goodtrader83, it's crypto any bloody thing can happen:) Aiming to encourage people to look more long-term rather than getting burned in day/mid trading
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