Do we have two additional bullish/green months/candles coming for Bitcoin?
Yes... According to this pattern.
Notice how in the past, each time the TD Sequential hit a positive eight (8) a positive (9) always followed, and then a one (1) that hit a higher high before any form of retrace.
At the present time, we have a positive eight (8) in November... If the same pattern repeats, we will have a positive nine (9) in December followed by a one (1) that hits a higher high... This pattern has never failed before.
The beautiful thing here is that a retrace took place only after Bitcoin hit its All-Time High... A relatively small correction compared to the massive bull-run.
We can potentially see Bitcoin continue green and even with the strongest correction its price would still remain very strong and soon enough resume the growth.
As we've seen and know, whenever Bitcoin does its halving prices grow green for many months...
Even though most of us are new to this market and only experienced a very strong bearish market after the last Bitcoin bull run, we can be witnessing only the beginning of something never seen before.
When looking at the smaller timeframes, weekly, daily, and as low as 4H, we can see incredible strength with Bitcoin staying above support and never wanting to retrace.
Remember what we always use to say...
Bitcoin is new-age money that tends to always amaze.
If the majority is looking for a TOP at 20K, 30K, or even 40K+... Maybe Bitcoin will surprise us all again and hit 300K or more...
This would take time of course but we have to consider the bigger picture... The main mistake I've made in the past when charting Bitcoin and the smaller alternative coins, is being too conservative with the targets, it always tends to go higher, just as the altcoins went lower than what most people thought.
What's your take?
Can Bitcoin reach $40,000 in the next 3 months?
Is it possible for you, in your mind, to see Bitcoin hit $300,000 by the end of the year 2022...
Share your thoughts in the comments section below.
Namaste.
Comment
⋅
Even when we go back all the way to 2013... This same pattern still repeats for BTCUSD:
I have a feeling we will soon hit 19,900 area and a 'piranha' fomo frenzy will ensue when new ATH reached just above 20K, we could see 25K+ and beyond to 30K or more, but then it will drop back down to the 'teens' as big money takes profits from the many new investors who have put in all of their stimulus checks, etc ready to get rich and don't see it coming. One plus though, BTC is the main game right now, Alts are starting to move a bit, but once BTC hits it's new high, we could see Alts really take off fast.
AlanSantana
⋅
@Trader-HP, Great analysis... I fully agree with you.
sriz16
⋅
Interesting stuff ., Btw i I am following the btc pattern of nov 2016 to current times., btc hit new all time high after halving year which is 2017-2018., so we make support this range to go even more higher., i see btc hitting 23k followed by corrections around 20k (Jan - March retrace btc arounc 20 K)then hit new ATH next year thistime? or may be I could be wrong., when compared to last time, this time has more options/services to buy crypto., relaxation from govts., world is moving to the next phase., or views could be wrong since its bitcoin.
Namaste
AlanSantana
⋅
@sriz16, I think a new ATH can be hit much sooner but you make a good point.
Things have been accelerating and there will be a huge surprise soon from the USA that will rock the entire world.
Namaste.
LargeMarge
⋅
@alanmasters, What announcement?
AlanSantana
⋅
@LargeMarge, It is a surprise... Might take until late this month or through mid-Dec.
LargeMarge
⋅
@alanmasters, You can't leave us hanging like that, please share your thoughts on what this might be? Election fraud?
AlanSantana
⋅
@LargeMarge, The actions that will be taken against those that committed the fraud.
That's the surprise... Not the fraud itself as it is something as normal as politics.
Superdude
⋅
@alanmasters, Oh good lord, you don't actually believe the Q-Anon 'tards do you? I will have to take this new information under consideration when weighing your analysis from here on out. Anyone who believes that garbage has questionable mental acuity and severely lacking reasoning skills.
AlanSantana
⋅
@Superdude, Looks like someone has been triggered.
Did you read my comment?
"The actions that will be taken against those that committed the fraud. That's the surprise..."
Relax!
I take no offense from your insults.
And of course, feel free not to read, I've never said my "mental acuity" was high level or above-average.
My reasoning skills have always been bad... So, maybe you should've stopped reading from the beginning, why now and not before?
Only this comment triggered your wisdom... Not one of my previous 4,000+ articles helped you realized my lack of mental stability.