This is one of my riskiest calls yet, but I have reason to believe we are going to see 20k, and SOON.
9 times out of 10, what does the market do when you least expect it to? THE EXACT OPPOSITE. Everyone and their mom is thinking BTC is about to crash and burn because of the 10k resistance. What if I told you that 10k resistance is absurdly easy to break, and it's the 20k resistance that we are going to struggle to get ahead of next? Whales are inside your head making you doubt your gut feeling. My gut feeling is that when we finally get back up to 11.7k again, we aren't going to stop there. What does yours say? Feel free to leave a comment!
If you pay close attention to what the Hourly, Bi-hourly, 4HR, 6HR, and the 12H are painting in the RSI, you will see icredibly strong Hidden Bullish Divergence, as shown here:
1HR
2HR
4HR
6HR
12HR
Notice the higher lows in price, while the RSI makes lower lows? This is basically indicating that the bulls are barely even trying, and are waiting for something. The bears are trying their furry little hearts out and getting almost nowhere. I strongly believe, BTC has one last trick up it's sleeve. THEN we go bear.
To see how horribly inaccurate I am, I present evidence A, B, and C.
I'm not right all the time. But what if I am right this time? This is a HUGE move, and I'm far from the only one calling it. I just decided to re-design the chart without Elliott Waves, and with evidence that this move could happen. Speaking of evidence, make sure to hit the play button on the above ideas. I'm an amatuer, but I'm getting better.
ANYTHING below 10k is a range and is not suited to be traded. A BREAKOUT with MOMENTUM above 10k is a buy. $19,308 is for now the final target. We break that resistance somehow, and it's 21k.
My name is MC_Peewee, but you can call me teh Salesman.
PM me for my twitch link. I will be going live on Monday, or if this idea plays out sooner than expected. Join my free telegram! I post BTC/Alt signals daily. PM me for either link.
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"It has come down quite a long way, and we're getting a lot of people asking ***is now the right time to buy,"*** he told CNBC's "Trading Nation" in a recent interview. **************************************** He added: "The short answer is no." ****************************************
"It was absolutely a bubble based around the futures launch in December, and a lot of enthusiasm for the asset," said Colas, who owns a cryptocurrency basket worth about $2000.
He's right. The best time to buy was April 11th when we hit a low of $6,753.00. Then mooned to $8,080.00. I CALLED THAT REVERSAL PERFECTLY.
So he ain't technically lying, but I'd bet he has a lot more than just 2k in Crypto.
20k here we come! :D
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The beginning stages!
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Another bullish bear
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Update! We are at a crossroads!
PM me for my Twitch link, I will be streaming Mon/Wed/Fri. PM me for my telegram, I post free signals on BTC and alts!
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Update!
I am bad at Elliott Wave theory but this is my best guess as to what price action will do. That being said, a drop below my head invalidates both this update and the original idea. We are still technically bull above $8,700. If however, we reach $8,700 or lower, we are officially back in downtrend and these ideas don't mean jack. xD
4H timeframe:-
The chart will speak for itself. We already going sideways for couple of hours. Obviously its an accumulation phase and ready for further momentum upward. Price seems tank at 0.75 fib level
Next target will be 10500-12000
Spread the knowledge and happy trading
deactivatedaccount123
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@TheBitcoinboy, What a gorgeous looking chart. Nicely done my man <3
streamDr
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Thumbs up for the title alone ...painting a picture with some real wordsmithery :)
Good luck mc_peewee
CoolHandWillick
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@streamDr, could have been a little bit more consistent with correct use of capital letters.
deactivatedaccount123
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@streamDr, The title of this was actually a dedication to a Mr. ZigSwag down below. He seems super nice and was saying how if my idea plays out he'll call it candy mountain. So I decided to dedicate it to him xD