in the previous forecast, I was warning shorters that there is no way to short this asset at the time, bulls have closed monthly candle with a confident absorption, and the new monthly candle shows a clear breakup through the resistance of the semmetrical triangle pattern, also on the monthly bars it can be seen that the price has formed a solid upside down head - shoulders pattern, that was forming for over than 2 years of stagnation (accumulation process), all of this is - on the nose of the halving (planned reduction of the reward for miners for a founded block)
let me say it again - - at the moment there is ABSOLUTELY NO WAY to shorten this market, the price can soar up to 20,000 or even more EASILY! don't be surprised to it ...
Thanks for reading it , subscribe, comment, share your thoughts and ideas. also you can check up my previous forecasts for bitcoin and low - cap altcoins dominance situation on the monthly timeframe.
Your analysis is very simple. I don't know if i like simple things, but it has faith rather than other complex analyses. Bitcoin is now going beyond Corona to hit a having and fire towards the ETF. Let's go on that long journey together. Thank you.
ezpi
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the trendlines you draw are completely bogus
you cant draw trendlines from middle of one wick to top of another thats nonsense.
you either draw top to top, or you draw lines with wicks removed.
the ATH down-trendline was broken at around 9350-9400 depending on which exchange youre on.
that was the first time it has been broken since 2017 so we are officially beyond that trendline and its no longer valid as resistance.