What to Expect from Bitcoin Over the Next Year?
Projecting into the future is fun, informative, and imprecise, but I can see both 14K and 20K as areas where major selling pressure could come in.
It won't be enough selling pressure to keep the price going down too long, though, and will break through those levels. Call me bat sh*t crazy if you want but there's so much bullish energy in the chart and surrounding crypto that I don't see any way this won't happen. I've been around long enough to know how this works. Anyway it'll be fun for me to look back and see how it all turned out.
Two main scenarios I'm looking at:
A. Bitcoin makes a pit stop at 14K as profits are taken, then Bitcoin makes a pit stop at 20K where profits will be taken.
B. Bitcoin guns directly to the All Time High at 20K and we have a second medium-sized bubble in 2020 that bleeds down to the parabolic adoption curve before breaking back up.
Neither of these two scenarios changes my strategy. I'll be placing longs at certain percentage points under spot and moving those longs up with the price so I catch any dips from here on out.
I hope my Technical Analysis helps you and the community. If it has value please moon the likes and follow my profile.
Peace, Love, & Crypto,
B166ER
It won't be enough selling pressure to keep the price going down too long, though, and will break through those levels. Call me bat sh*t crazy if you want but there's so much bullish energy in the chart and surrounding crypto that I don't see any way this won't happen. I've been around long enough to know how this works. Anyway it'll be fun for me to look back and see how it all turned out.
Two main scenarios I'm looking at:
A. Bitcoin makes a pit stop at 14K as profits are taken, then Bitcoin makes a pit stop at 20K where profits will be taken.
B. Bitcoin guns directly to the All Time High at 20K and we have a second medium-sized bubble in 2020 that bleeds down to the parabolic adoption curve before breaking back up.
Neither of these two scenarios changes my strategy. I'll be placing longs at certain percentage points under spot and moving those longs up with the price so I catch any dips from here on out.
I hope my Technical Analysis helps you and the community. If it has value please moon the likes and follow my profile.
Peace, Love, & Crypto,
B166ER
Comment:
Welp...that played out more less as expected, even with the COVID liquidation event!!!!
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
―The Oracle