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lonestar108
Dec 8, 2022 7:30 AM

The Bull Case for BTC - Monthly Long

Bitcoin / TetherUSBinance

Description

Here is the monthly chart for Bitcoin. Bitcoin OGs, what does that chart tell you? Does that look like a chart of an equity headed for irrelevance? Or of an asset set to range before another bull run?

NO!! Price is ABOUT to EXPLODE

Comment

BOOM! I expect 2023 to be a solid year for crypto as bitcoin continues to be in demand as governments restrict ever-more of their citizen's freedoms

Trade active

Those of you who remember me posting this idea probably thought I was nuts at the time. I ask you, please press the play button.

There is always a chance for a short-term shakeout - Bitcoin is famous for those and the USA has finally realized, albeit far too late, how bad Bitcoin is for them and I am sure by now have some scheme cooked up which might have them try and take on BTC.

If that happens, it'll be the last opportunity you'll get ever to buy BTC under 30k. Buy like crazy! Because BTC is going to 100k and its nothing but steady climb energy from here to there.

Banks are failing, the dollar's not far behind. It's ironic that in these crazy times the realest damn thing there is is Bitcoin, but here we are! Don't forget to enjoy the ride.

Comment

Here comes another run up. We go to 38k from here. Then a brief rest while sellers sell to a constant stream of buyers, causing this drive to be strong, and stready. that's drive three for ya. Buckle up!

Comment

Well over 100% up on this trade and I'm not selling. You should not either.

Comment

Bet you thought I was crazy when I first posted this. Still think I'm nuts? Still not selling.

Trade closed manually

CLosing here because there's a good chance we break down here. Will reopen if this does flag up.
Comments
Solldy
Yeah, not the most enviable entry point we have, but the technical analysis is correct.
lonestar108
@Solldy, I agree I'm pretty sure we have a stab down to 13K coming but at this point I am okay with an entry anywhere between here and there.
lonestar108
@Solldy, turned out to be an ideal entry point. hope you've got your bags packed for this year ahead
JoeChampion
Makes too many sense to me, keep them coming!
Kalete
I agree. Accumulation mode in effect before big bull.
Winvast75
hallo
lonestar108
@Winvast75, How you doin'
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