BITCOIN I TOP will be between 160K - 220 K

Mar 9

This is not the top yet. M2 money supply, which is in my opinion, is the main BTC price driver, is still expanding. Bitcoin price is lagging and it will catch up soon. I still think price will dip below the previous month's low.



There will be a great opportunity to add into the spot positions.
Which I bought for the first time here

and still adding. Im taking only small profits in the extended prices and re-buying.

Target for this cycle will be in my opinion in the higher part of the ascending channel. Somewhere between 160 - 220K.
There I will start taking profits.

160K - 10% profit taken out
170K - 10% profit take out etc...

Might I miss the target and stay trapped in the position for another 4 years. That's not a problem. Even though I got more than 80% of my wealth in the BTC, it's not the bet which I expect to solve my life. But still a big bet enough that once BTC reach 500K. I could retire and never do anything again. But I will still do anyway hahah. Trading is a passion and I will trade until I can still see the screen. Hope you have the same.

Whole big picture chart.

Hope this can help you with inspiration.

Comment with your opinions even if you don't agree.

Mar 11

Trade active

Added to the spot position at 77