BTCUSD: Bad news for bears!

Hello my friends!

Bad news for bears! I have left myself a back door open in my last posts. I said: bitcoin could still go down to 24K. Also because we still have an open CME gap there. Given this chart and the findings from it, I now make a clear statement:

We had the bottom at 31K!

That's it imo. From now on, it should go up. I am therefore strongly bullish. Accordingly, our halving top could be at 230K in November or December.

Let me briefly explain the chart: Everyone knows Bitcoin has a strong 0.5 tendency at Fib. The Fib channel shows us where the 0.5 was last time. The formation matches with the current one. So current point could be 0.5, too. This also matches with the trendlines which we can draw from the halving tops to the current dips. And ... If we count waves then we would be at a 4 on the way to 5. This is also a strong bullish signs imo.


Btw: I changed my TV Name from btcinvests to BTCINVESTING, nothing else changes. :-)


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Let's see what happens.
Happy trading. :-)

BTCINVESTING

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My Post Apr 18, 2021

My Post Nov 19, 2020

My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)

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Comment:

Another bad news for bears!

Comment:

Re-published... I updated timing: Another bad news for bears!

Comment:

frear and greed index at 13. :-)

Comment:

Latin America is leading the way for Bitcoin: First... El Salvador. Then... Paraguay.
Next... Brazil. :-)

Comment:

why you should buy the dip ... new post :-)

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Breaking
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Germany's largest savings bank are working on a crypto project. They plan to make it possible to buy/sell and HODL Bitcoin & Alts. Lets see ... here is my current chart ...
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