The analysis seen above is classified as an ünlikely outcome' but possible in the world of trading, patterns are the things we use to form analysis and the pattern i saw led to the analysis above. how many of you saw a similar setup at some point. Comment with your view on bitcoin on the daily or lower time frame.
Best bet, strong retest of previous ATH at 20kish.
Happy new year 2021!
While BTC grows once more I've taken the opportunity to make a dozen moonbags on specific blockchain protocols!
With more than 250% growth in 2020, there is no denying that Bitcoin experienced an outstanding year. However, the best is yet to come!
Bitcoin in 2020
The year started with a strong uptrend of around 45% in 45 days. It is important to note that this followed a 50% correction from $14,000 to $7,000 and then a short consolidation period.
During March’s...
Green trend lines show long term bullish trend, blue lines show 2020 bullish trend, 20 MA shown being extended with the lighter shaded red line added on. This chart shows a prediction of reaching a point around 20k-22k then a pull back to 16.6k followed by a correction to 15.3k in Spring of 2021. Let me know what you think
Looking at the 5 year chart with a clear direction pattern.
With the current world situation we are in for now & the near future I cant see how a major bull run will play out until this set up on the charts plays out.
What are your thoughts?
