Hambooger

Bitcoin MT Update (March 10th 2021)

Long
COINBASE:BTCUSD   Bitcoin
Bitcoin/USD rate (March 10th 2021 through November 2021)

Low: $53,321 - $63.1k
High: $85,174 - $85,688
2nd Wind Ranges: $118k - $119.9k - $121 - $129k
Final high of this run: $195,716 - $198,118 - $202,101

My suspected bullish macro reactions for this year:
Current level $56k to ~$66.4k -> ~$59.7k -> ~$69.8k -> ~$62.1k -> ~$85.6k -> ~$63.1k -> ~$119k -> ~$92.4k -> ~$195.7k/$202.1k -> start of bear market in April/May 2021 to October/November 2021.

This is a longer term version of a new recent idea I've been considering possibilities in for a couple months now. I should note, I've been trying to figure out when the next significant 2018/2020 style crash can come, and I think we just get closer and closer, but I've continued to be wrong for a couple months and I feel there is a completely different dynamic than I was expecting. I had some success with attempting to use 2017 fractals for some of my forecasts in October, but eventually after $25-30k I was almost 100% certain Bitcoin would crash and that absolutely didn't happen, so I've been considering more of my fibonaccis and fractals.

To me, it looks like we have about 6-8 more weeks of bullish moves left.
Next significant targets are as follows:
From current price of $56k, up to $85k, correct down to $63.3k, and then right back on path towards $122k, correction, and ​a final run to $188-$202k. I believe this run could last until about April 13th/14th 2021 before the real bear market could start for a couple years. October 2021 looks like it could yield another leg of a crash.

The paths I've drawn here are just to serve as a general trajectory for what levels bitcoin could fluctuate within. I believe bitcoin can hit $80k within the month, by at least March 22nd, and then hopefully the $85k target will happen by March 26th. Bearish reaction for a few days down to $63k, and then bounce back up to new ATHs and continue on towards $120k and $188k in April. That's only if everything continues to ramp up even further, going "parabolic," etc. This could be the very last phase of the bull market, but it definitely looks like profit could come easy before we turn around.

I based this forecast off of past history and fractals in combination with where I believe the true fibonacci levels are sitting right now. With the fractal included, it brings me to expect $188k-$202k levels at the end of this run. I could be very wrong but I will still be watching closely and trying to update this as we go. My timeframes haven't been 100% correct in the past few months but my fibonacci levels are starting to show some truth in my opinion so I've re-calculated and re-adjusted as heavily as I possibly can so far.

Late 2021/early 2022 could bring a low as deep as $10,150 - $12,904 again, which could end up being the very last low of the bear run before the next bull starts up if the future is anything like past fractals.

In the future, Bitcoin will explode. After this year through 2026 may yield insanity after some heavy volatility first. You ready?

Related ideas attached below:

Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading
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