FlaviusTodorius67
Long

If BTC breaks logarithmic resistance, the big rally starts.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
This is it ladies and gentlemen. The moment we've been waiting for since late 2017.
The multi year bullish flag is nearing the end.
The moment of decision has come. A possible cup and handle and strong buys could lead to BTC breaking the 3 year downtrend resistance line.
If that happens, then the next bull cycle officially begins.

It will lead to 20k this year, and to new all time highs next year. The target remains at around 100k, possibly more with luck.

DXY is falling, inflation rising, gold also pumping, macr-economically everything aligns perfectly.
Then also halving still in play.
Also, number of daily transactions rising sharply.

Fasten your seatbelts, because if we go over 10.5k, this is it. Then it has started.
Comment: It has happened. However, of course we still have to wait for the weekly candle close. But it is EXTREMELY likely that the weekly will close above the logarithmic resistance.
In that case, the start of this bull cycle will be confirmed.
Sorry for all the naysayers and btc haters out there, who didn't buy and are now butthurt: basic human psychology.
Instead of admitting their own failures, they blame btc, classic.

BTC will go to 100k by 2021, as I alrady posted here (conservative date for ATH):

or here (more optimistic date for ATH):

Comments

shittiest trendline I've seen in my life

one end is just floating in space, and the other cuts through the wick. Perfection.
+35 Reply
Tapita sunnybum
@sunnybum, there is not perfection in trading. Only speculation. Ok
+8 Reply
RogerBey sunnybum
@sunnybum,
Trendlines dont have to be perfectly on the wick, its not an exact science, you are watching the zone, not the point of the trendline.
+4 Reply
@sunnybum, hahahah
Reply
RocketBomb sunnybum
@sunnybum, Don't be so critical, show Your own!๐Ÿงก
+2 Reply
A5gamakatsu sunnybum
@sunnybum, Diagonal trend lines are very subjective, usually want to take into account the best "average" of wicks and shoulders.
Reply
youyouv220 sunnybum
@sunnybum, well you should seek me your BTC if you have some ;)
Reply
fract sunnybum
Reply
TradingShot sunnybum
@sunnybum, Always a joy reading your ideas Flavius. Keep it up and ignore the trolls. Here is my latest work:

+1 Reply
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