Traders are already talking about the crash. The crash is always coming, except it never seems to arrive when they claim and all we hear is the noise of missed opportunities. Everyone is the expert trader and they have it all figured out. But yet somehow 95% of traders blow up their accounts the first year of investing. These are the same traders screaming for the crash every green day. I do not claim to have a crystal ball, I simply read the charts and play a little fundamentals. Here is why I'm bullish on BTC; (and no I'm not a cultist)
No Bullish Macro level has been broken at any point since 2013. Through all the dips and all the "crashes" not a single Long Term Bullish level was ever lost. In fact, they held incredibly. Here is a long term Logarithmic Chart of BTC to show how Bullish BTC really is long term;
Furthermore, No Bullish level has been broken in this current Bull Run, in fact, after this last pump it has confirmed very important breakouts;
Again traders think BTC will stop and turn around now but it can push until 57k where it will correct before pushing higher. Here is my previous analysis on exactly how I believe this will occur;
I believe we are in a disbelief stage, Everyone is sort of on standby waiting for a signal. Other Markets are surely on standby because of the US debt ceiling disaster, and many traders are waiting for that to come to a conclusion. If/When the US decides to solve this issue, I believe that will launch the true blow off the top these markets haven't quite seen yet. Q4 is perfectly set up to be highly bullish and I believe it will do just that.
Lastly, I would just like to encourage you to really analyze this chart and understand how significant these breaks are and have proven to be in the past. The screams for a crash will be forever and people will always be talking. One of my favorite things I've learned over the years is when people are talking.... the markets are never listening!
Once correction occurs, 65k will likely be the next target!
Thanks again for the analysis. Much appreciated. On the price side, disbelief is spot on. On the product side, it's still early in adoption (I was pitching blockchain back in 2017 to execs- not fun. Now, boomers are asking me what to buy). My favorite company is Palantir. Have you done any analysis on them?
reloaditandslapit
⋅
Well explained thank u, could you put an idea out on the btc.d chart, we're in a technical target to around 46% atm, would love to hear your thoughts on it.
NoOneWhoIsSomeone
⋅
@reloaditandslapit, I can't quite do a full detailed analysis on it now but I will say there has been a significant breakout which is bullish for BTC and a break above the 200MA at any point would be New All-Time High rally.