strumz

BTC at over $250k by 2021 according to historic data!

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I overlayed the last bear trend (59 weeks) with the current one (51 weeks) and compressed it to fit the current trend. Of course, this is super hypothetical and assumes that the coming bull trend plays out like the last one which is unlikely. But I guess this can give us a possible idea of what to expect for the future. A more in-depth heikin ashi (weekly) candlesticks analysis is coming as soon as the current short time bull trend loses it's power and a correction is about to happen.

The green vertical line is the next halving. (estimation)
Comment:
Let's look closer. You can see definitely a similarity between 2015/16 and 2018/19. 7500 USD is critical because breaking down also means breaking down into the next channel. (bottom somewhere at 5k) I am positive though. Moon is inevitable.
Comment: You can find the channels from above here:  
Comment: It looks like we're on track.


Two reverse candles on the weekly chart currently, big move is coming. If history repeats, I would go short here. I marked the interesting support lines blue. Reversal @ 25k which should bring us above 50k.

Comments

I strongly believe that We will get at least one more time to buy bitcoin below $5000 before the next bull season! Let's see how it goes!


+1 Reply
strumz CryptoEngineering
@CryptoEngineering, I am not so sure about the sub $5000 tough. I expect the weekly MA50 to be a strong support in the upcoming reversal which would be around $5500k. I am definitely going to accumulate more BTC at that level. I need to be ready for what's coming . There is a lot of money to be made imo.
+1 Reply
@strumz, Getting closer :)
Reply
@strumz, Great job buddy!
+1 Reply
strumz CryptoEngineering
@CryptoEngineering, Thanks! You were right with the sub $5000 as well! It's crazy how similar these bull cycles are.
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This is a more refined version you might find interesting.
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