Bitcoin is about to complete a classic three-drives pattern. We've reversed on the monthly and are settling into a textbook third-drive.
Prediction 1: Bitcoin goes on a tear here, going full-retard and pumping to 90k by mid-summer. Then the hangover sets in as the USA tries to pull some shit to kill Bitcoin. This lasts till Apr 2024, when BTC wins, bounces off the lower trand and gets ready to run to 250k in 2025.
Prediction 2: The USA can't do shit as the entire world steadily piles into BTC (biggest buyers this round have been shrimp) and we inexorably climb to 160k in April 2024.
The strength of this run that's just starting now will be the indicator. One thing is for sure - BTC loves the trend channel I am showing you. It gives no fucks about anyone's feelings, because in a digital age Bitcoin has always been and always will be digital gold.
@FakhruddinRazi00, I just go where the charts tell me, maybe that's why I'm on my tenth year trading BTC. You?
FakhruddinRazi00
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@lonestar108, ,with bitcoin since 2013 and trading since 2016
lonestar108
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@FakhruddinRazi00, then you see every single chart reversing as well as I do. Everything's screaming buy - all the signals that have worked every other time, and the world's getting ready to shit the bed on the overleveraged banking system thats falling apart right now. Also BRICS just took us over on economic output and by the way, the USA just wrekd the dollar by going to war on Ukraine and showing all our economic partners what we'll do to them eventually. Care to point out which part I'm missing here? Drive three means we go up and we stay up.
FakhruddinRazi00
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@lonestar108, i really respect your analysis. your knowledge is much stronger than mine. I just laughed at your price projection for bitcoin which is 250k! thousands of altcoins are in the market and in this situation will we really see btc pump to that level? Where is such money? how many trillions are needed to take btc to 250k? has the scenario not changed a lot from previous bull markets? there was less market cap, fewer coins, fewer frauds, everything new, and new emotions to drive the market.
lonestar108
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@FakhruddinRazi00, Like I said friend, I just read the lines - my analysis is super straightforward - I look at the trend channels supporting the asset and note the intersections of trend and time. Right now Bitcoin's trend channel ceiling says that 160k in April 2024 are where trend and time intersect. Obviously, a million things could change between here and there. Of course! And the number seems crazy, I know - but just imagine for a moment what a global banking crisis - a full meltdown of our global banking system - would do to the price of Bitcoin. And from what I can tell our leaders seem resolute on either making or letting this happen.
It's crazy, I know! But it's Bitcoin telling me these things, not my brain. You can draw the lines yourself. Will it happen? I dunno but I never, ever thought we'd get here man - I bought into this wild ride at $2.36 in 2012 and I'm still riding that original investment, and I have that buying feeling again - everything just looks so damn tasty. Good luck my friend, to the moon!
FakhruddinRazi00
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@lonestar108, I totally agree with you and understand your analysis. you are fucking so lucky to get Bitcoin at 2.36 USD. amazing. i too got a chance at 250ish in 2013 when I first met Bitcoin. bitcoin changed life. amazing asset.
lonestar108
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@FakhruddinRazi00, I told you :) I hope all is well with you and wish you many coins