A Retest of the 1 Trillion (20k BTC) Breakout
Everything seems too obviously bullish to be bullish. Specially with what is going on around in the world at the moment.
This is just an idea... of trend analysis that I see using patterns and basic textbook rules.
A retest of the 1 Trillion dollar market cap will be exactly the retest of Bitcoins $19,500 ATH Breakout in Dec. 2020
So I'm expecting more bad news for like the next 6-8 weeks, media is great at that. 6 weeks from now we should start seeing a light with the War, Shortages, the Barrel of oil breaking it's all time high. All this followed by maybe some positive world movement with the waking up of people, the collapse of the USD and everyone moving their assets to where they can truly control them. A peer to peer system.
This idea becomes invalidated with the break of the 2.10T market cap. (Highly doubt it)
Life repeats, and this is just another example of it. Just a few more weeks of having people living in fear.
But posting this just because I like clicking the Play button every now and then :)
Do not use as financial advice.
Have faith.
This is just an idea... of trend analysis that I see using patterns and basic textbook rules.
A retest of the 1 Trillion dollar market cap will be exactly the retest of Bitcoins $19,500 ATH Breakout in Dec. 2020
So I'm expecting more bad news for like the next 6-8 weeks, media is great at that. 6 weeks from now we should start seeing a light with the War, Shortages, the Barrel of oil breaking it's all time high. All this followed by maybe some positive world movement with the waking up of people, the collapse of the USD and everyone moving their assets to where they can truly control them. A peer to peer system.
This idea becomes invalidated with the break of the 2.10T market cap. (Highly doubt it)
Life repeats, and this is just another example of it. Just a few more weeks of having people living in fear.
But posting this just because I like clicking the Play button every now and then :)
Do not use as financial advice.
Have faith.
Comment:
Fundamentally we're not ready (my opinion)
I see a fake out to liquidate all shorts, load up the longs with all + uptrend charts just to be hit with some other scandal causing a dump to 1.6XT for a few days, followed by a lower low targeting 1T.