Bitcoin breakout confirms the beginning of the next bull cycle!
With todays breakout on Bitcoin we witnessed the 3rd largest single day candle in USD terms. The first and second largest occurred back to back in late 2017 at the highs.
Kind of crazy to see that we're starting off this new cycle with candles the size of the previous cycle peak.
The log scale fib extension of the previous bull cycle paints us a 1.618 target of $343,474.94
It's hard to comprehend just how massive the coming bull market could be, with Bitcoin and Crypto looking poised to break into the mainstream and become a legitimate, global asset class.
Today marked the beginning of what could go down in history as the greatest bull market of all time. There will be insane 2-way volatility. It will not be "easy" to trade. Discipline and risk management will be more important than ever!
We'll be watching the weekly 20 SMA for further buying opportunities and charting as many juicy long setups as we can find along the way for all crypto assets!
Kind of crazy to see that we're starting off this new cycle with candles the size of the previous cycle peak.
The log scale fib extension of the previous bull cycle paints us a 1.618 target of $343,474.94
It's hard to comprehend just how massive the coming bull market could be, with Bitcoin and Crypto looking poised to break into the mainstream and become a legitimate, global asset class.
Today marked the beginning of what could go down in history as the greatest bull market of all time. There will be insane 2-way volatility. It will not be "easy" to trade. Discipline and risk management will be more important than ever!
We'll be watching the weekly 20 SMA for further buying opportunities and charting as many juicy long setups as we can find along the way for all crypto assets!