This post is a follow up to this:
published on March 20th. The previous chart pointed a deceleration in drops, leading to the bottom.
The chart shown above shows that same simple narrative, pushed out a few more months. As I have stated over and over on Reddit:
"deceleration in a negative direction is the first step towards acceleration in a positive direction."
I strongly believe that the rectangles highlighted above show that bears are becoming less and less confident, and bulls are becoming moreso by the day. Dips are being bought, and bounces are becoming stronger. The fact that we have already seen multiple strong selloffs be bought up in such short timeframes is reflective of very bullish investor sentiment.
I believe we will see a strong breakout by #Bitcoin in the next 1-7 days, retesting 10k and potentially 12k.
I believe we will see an attempt at 20k within 1-4 months.
The chart shown above shows that same simple narrative, pushed out a few more months. As I have stated over and over on Reddit:
"deceleration in a negative direction is the first step towards acceleration in a positive direction."
I strongly believe that the rectangles highlighted above show that bears are becoming less and less confident, and bulls are becoming moreso by the day. Dips are being bought, and bounces are becoming stronger. The fact that we have already seen multiple strong selloffs be bought up in such short timeframes is reflective of very bullish investor sentiment.
I believe we will see a strong breakout by #Bitcoin in the next 1-7 days, retesting 10k and potentially 12k.
I believe we will see an attempt at 20k within 1-4 months.