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BallaJi
Dec 12, 2023 1:58 PM

The CryptoSniper's Bitcoin prediction --- $140k Long

BITFINEX:BTCUSD1W
Bitcoin / DollarBitfinex

Description

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If we can envision a Inverse Head and shoulders forming.

With a horizontal neckline coming in at around $47.5-48k

It gives us a LOG projection north of 140k

Draw it out yourself and see :)

A linear target would be much more subdued and give us a 80k target

And trap people below that magical figure for close to a decade , if u tack on a bear market that would follow.

That could really hurt #Bitcoin's traction in gaining new buyers going forward (especially on the retail level)

But lets's be optimistic and aim high
but recognise the value of having BOTH targets in mind.

@TheCryptoSniper Thank you for your ongoing education and dedication to your craft.

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The head was created
now the right shoulder is forming
how long will it take?
I expect a low to be made soon

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Neckline breakout

Sideline money you have been warned.

Sniper laid the map out for you.

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The move to 80K is happening quicker than people have positioned for.
FOMO

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gotta remember we were 7k off the linear target !!

thats was a wild run

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let's add that linear target of 123k into the mix as well shall we.
Chart PatternsTrend AnalysisHead and ShouldersBTCBTCUSDBitcoin (Cryptocurrency)4yearcyclethecryptosniperthemarketsniperfrancishuntcrypto
Comments
arvine11
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Nice
BallaJi
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@arvine11, "Buy the rumour, Buy the news." --- lmfao, Bunch of Grifters..
arvine11
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@BallaJi, agree its bullish af
wanmashall97
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Impressive! 🧐
Composition
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Any targets for low? Ty ballaji!
Arash_Kamangir2020
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good job bro
Arash_Kamangir2020
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Composition
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Thank you for sharing! Do you still follow your other BTC prediction for 42-48k for trend exhaustion and correction to 30k’s?
Composition
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@Composition I answered my own question looking at your chart. How do you see ETF newz or CME gap playing into this
BallaJi
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@Composition, yea that 50% level is , what... 34.5k ... In my mind that would be extremely healthy ... Vertical up only is not sustainable .... we want a good duration bull market so people have a chance to get in. look around. speculate on S coins.
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