Hey everyone, providing an update for my idea posted earlier today, obviously short term I’m dead on- heading to 39,900 close (have wiggle room to not close but briefly hit 40-42k).
Let’s go a bit farther in price action, obviously we’re in no mans land but inspecting some trends from 2013 that align with today’s trends, we should end up with a target of $56,000 EOM. The election will come into play with this price target, I would expect higher price targets if Biden were to secure his fraudulent win of the Whitehouse from 52-56k to around 70k close EOM, from increased fear of the U.S economy completely collapsing under pseudo-socialism already taking place.
I think 2013 is the best trend to analyze for 2021, I’ve been following it pretty tightly and have had all success trades since I realized this trend back in late December.
If you’re shorting, I’d take Bitcoin as profit. If you’re continuing to sit on the sidelines waiting for sub 20k, either keep sitting there or realize you’ll be buying in at the high 30’s.
Great analysis!👌🏻 when you do think your bias will kick in?🔥
Mattysalads
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@Investroyllc thanks! Looking at timeframes I’d say 2 days from now for 39,9. Like I’ve been saying we appear overbought and overextended but I think those can be pushed to the side in wake of the pace of institutional support. We’re going from a mostly consumer driven market to a mostly institutional based market