after seeing traders post fractals of Bitcoin I made a 180° on my stance and now believe Bitcoin is bottoming and bracing itself for a meteoric jump.
How far can this go? Very far.
Please tell me it won't take till July to get started thought...
Bitcoin is looking veri veri...
Potential growth timeline for BTC based on previous 4-year cycles:
Each cycle consists of:
- ~150 weeks of uptrend, followed by ~50 weeks of downtrend
- Uptrend decreased by 75% compared to previous uptrend
- Downtrend tends to be about ~80% from uptrend's high
- Uptrends tend to go parabolic once the 26 week MA has been reclaimed, which also seems to...
Bitcoin is getting ready
Obvious descending wedge .. breakout to the upside, target is there also.
'Capitulation' already happened, volume spike
'Whale-wallets' are becoming active to fuel it
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.. i need a chart for "Told you so" in the future (in order to be a good anal-ist, you need to be able to brag...
This is a brief explanation to why my very profitable bitcoin strategy is remaining short even after this recent crash in price.
Bitcoin tends to bottom in the same way as most other markets . The bottom of a trend is the point of maximum fear, and fear is commonly measured by volatility. At the moment, there is probably not enough fear in the market to create a...
It is always a good idea to see the positive things within bad times. The gigantic bullish wedge, tipping to the capitulation area makes it 1) likely to happen to fall back to the mean but also 2) likely to happen to regain momentum for a long position, back to old heights within the next 18 months.
I mean think about it. It's legal weed. the product itself has a great future. You can keep day trading and losing your money but why? Just why? I mean while you are day trading your last money I'm here imagining a future where weed is sold worldwide using delivery drones and guess who's gonna be the leader? Obviously CGC!
This is the stress free long term...
RSI looks healthy, MACd looks decent. Short term downtrend is broken, time for a swing up.
Take a shot with me? Open your Long position now to get around 30-45% profit in the next week(s).
I put a stoploss just below the line, this would result in a 10% loss.
I will re-evaluate when something happens.
Always make your own decisions, I just share my move.
Ignore the previous chart, when published scaling somehow got wrong. So again lets play a game. First spiral is breakout one, second one is top catcher. 8200 on 3rd october. Oh and we have a bullish divergence on fisher transfom, on daily.