Based purely on technical analysis with no ETF mambo-jumbo that makes your head spin, the last phase of this Bitcoin Q3 Forecast is gradually materializing just as predicted 56 days ago. >> BELIEVE <<
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Here is the original chart:
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Here is the daily chart showing that price is moving towards the cloud of resistance marked as best breakout opportunity (diregard the negated ETF dates).
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The media is selling it. We have got Lily Katz at Bloomberg who reported that the Bitcoin downtrend is over, as shown by the GTI VERA Convergence Divergence Indicator.
We have got Fundstrat's Tom Lee suggesting that we are on the brink of a Bitcoin breakout. We have got the CNBC newsroom talking about how high bitcoin is gonna get by end of the year... which is worrisome. :)
Seems like today, we have got a lot more people siding with the bulls than yesterday. Well, they are not wrong because Bitcoin is getting close to breaking the bearish trendline that has kept price trading inside a large triangle for months. In fact, Bitcoin is standing right in front of the area where I predicted the actual breakout would be. How coincidental is that? :)
So when Tom Lee said a Bitcoin breakout is close, he probably meant that. Having said that, all attempts to breakout out the triangle have so far being rejected so let us wait patiently for we have time.
We have got Fundstrat's Tom Lee suggesting that we are on the brink of a Bitcoin breakout. We have got the CNBC newsroom talking about how high bitcoin is gonna get by end of the year... which is worrisome. :)
Seems like today, we have got a lot more people siding with the bulls than yesterday. Well, they are not wrong because Bitcoin is getting close to breaking the bearish trendline that has kept price trading inside a large triangle for months. In fact, Bitcoin is standing right in front of the area where I predicted the actual breakout would be. How coincidental is that? :)
So when Tom Lee said a Bitcoin breakout is close, he probably meant that. Having said that, all attempts to breakout out the triangle have so far being rejected so let us wait patiently for we have time.
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BTC did it! We have officially broke out of the triangle from the exact TTL level and almost the same date as predicted. Yes, we got out 5 days earlier. Sorry to disappoint the bears because like it or not, Bitcoin is going UP!
