Will history repeat... Can bulls reclaim that MA200 next and push to get that MA50 back above the MA100 (Golden cross) on HTF..
Keep in mind this could take months to complete as the chart is HTF -Weekly
Even if we had to visit the major 0.886 around $11k now or early next year after a relief rally..
BTC could easily reach $240 - 300k by 2024/2025.. Looking at historical data and the growing adoption etc
Looking at the current user/ wallet growth per year.. We are steadily heading towards a "breakout" in the % of the population that actually use cryptocurrency..
Look at other tech for example.. Internet, cell phones.. etc..
Just think about Facebook 10 years ago almost nobody over 35 -40 years old even knew how to use it and just look today.. Geez, even grandma and grandpa are using it and interacting on posts +sharing etc..
It's coming.. And we are here sooo early and have a massive advantage above +95% of the earth's population..
PATIENCE is needed!!
Even if we go for 1 more dump... Zoom out and look at the big picture and ask yourself what you are doing in this space..
As Warren Buffet has said.. "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes"
That is why I have started laddering into my spot positions since June this year, if we go for 1 more towards the downside thb I don't mind will DCA and enter new lev positions as I will get stopped out in profits let's GO..
By 2025 I want to be a Billionaire, not a basement day trader.. My mind is focused on the big picture and I am unaffected by FUD..
Most try and time the exact bottom/top and end up fomoing into the market when real traders TP then fear sell... And repeat..
Trading isn't easy if you are not mentally prepared to stick to a logical strategy and plan.. And personally, I believe in a HTF strategy of starting accumulation when the HTF Indicators are into the oversold region and we start testing HTF demand zones..
Not saying I bought the bottom but I can guarantee you that when I sell my spot 24/25 with huge returns I definitely won't be looking back..
Imo the crypto space is currently entering an era that will see more and more adoption, new cellphones will be using blockchain tech and you'll start seeing "super wallets" that you can tap and pay using crypto.. In a few years, it will become the norm and everyone and their gran will be using it..
The first 5-10% of global adoption is always a painful and slow process but then BOOOOM out of nowhere it just takes off and that's when we really get paid.. I truly believe we are still early.
From 2025 you can imagine if BTC let's say tops out around $240 -320.. A standard 0.618 retrace would mean $150 -200k pullback lol
The digital era is here and we will forever move deeper into it as time progresses..
And with governments and corruption around fiat + constant "printing themselves out of trouble" the general public is losing confidence in the current monetary system and the people controlling it.. This will eventually be the major catalyst for change imo
Keep in mind this could take months to complete as the chart is HTF -Weekly
Even if we had to visit the major 0.886 around $11k now or early next year after a relief rally..
BTC could easily reach $240 - 300k by 2024/2025.. Looking at historical data and the growing adoption etc
Looking at the current user/ wallet growth per year.. We are steadily heading towards a "breakout" in the % of the population that actually use cryptocurrency..
Look at other tech for example.. Internet, cell phones.. etc..
Just think about Facebook 10 years ago almost nobody over 35 -40 years old even knew how to use it and just look today.. Geez, even grandma and grandpa are using it and interacting on posts +sharing etc..
It's coming.. And we are here sooo early and have a massive advantage above +95% of the earth's population..
PATIENCE is needed!!
Even if we go for 1 more dump... Zoom out and look at the big picture and ask yourself what you are doing in this space..
As Warren Buffet has said.. "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes"
That is why I have started laddering into my spot positions since June this year, if we go for 1 more towards the downside thb I don't mind will DCA and enter new lev positions as I will get stopped out in profits let's GO..
By 2025 I want to be a Billionaire, not a basement day trader.. My mind is focused on the big picture and I am unaffected by FUD..
Most try and time the exact bottom/top and end up fomoing into the market when real traders TP then fear sell... And repeat..
Trading isn't easy if you are not mentally prepared to stick to a logical strategy and plan.. And personally, I believe in a HTF strategy of starting accumulation when the HTF Indicators are into the oversold region and we start testing HTF demand zones..
Not saying I bought the bottom but I can guarantee you that when I sell my spot 24/25 with huge returns I definitely won't be looking back..
Imo the crypto space is currently entering an era that will see more and more adoption, new cellphones will be using blockchain tech and you'll start seeing "super wallets" that you can tap and pay using crypto.. In a few years, it will become the norm and everyone and their gran will be using it..
The first 5-10% of global adoption is always a painful and slow process but then BOOOOM out of nowhere it just takes off and that's when we really get paid.. I truly believe we are still early.
From 2025 you can imagine if BTC let's say tops out around $240 -320.. A standard 0.618 retrace would mean $150 -200k pullback lol
The digital era is here and we will forever move deeper into it as time progresses..
And with governments and corruption around fiat + constant "printing themselves out of trouble" the general public is losing confidence in the current monetary system and the people controlling it.. This will eventually be the major catalyst for change imo