TradingView
E-x-t-r-a-v-a-g-a-n-z-a
May 17, 2021 5:01 PM

An unbiased Bitcoin Forecast: Long

Bitcoin / USDCapital.com

Description

I don't really get the fear there is. Fear sells, fear makes money; sentationalism exists.
People follow their idols blindly (Elon Musk), no matter how clownish their claims are.
How couldn't TSLA's analysts not go over the environmental thing before? Suspicious...
They actually did, but Elon Musk obviously ignored it to be able to play that card later.
As you can see, we've been here before. People's ability to forget can be really fast...
This exact scenario happened just 3 months ago! And people are still freaking out!!!!!!
There is absolutely no reason to be fearful when you have conviction about something.
In the chart, all I did was to boldly mimic the price action that we had in January 2021.
The yellow forecast of the future price action is just that, a copy of Jan's price action.
As I always say, Bitcoin works in cycles; we'll look back and laugh at this in Dec 2021 :)
Comments
zachdub
I love what you said and your chart. HODL. Let’s remember it’s about the NUMBERS people, he’s got it right.
E-x-t-r-a-v-a-g-a-n-z-a
@zachdub, Thanks for the comment and sorry for the late reply. Check my last post and move the chart to where the 64K ATH is; I put a Fibonacci retracement from that point and it's been respected this far! Look at the diagonal line that the retracement tool makes, the price follows it very much!
More