hfkwmmm

hfkwmmm

Based on the price action of the previous bitcoin cycles bitcoin is heading towards a price valuation of around $250k per bitcoin. Market cap: $250k * 18,800,000 = 4,700,000,000,000 = 4,7 Trillion USD, which is the about the half of the current market capitalisation of gold (not only the gold which is meant as store of value). It may sound crazy, but this...

hfkwmmm

Idk

hfkwmmm

first large 6h close above the previous resistance

hfkwmmm

maybe altseason starts now?

hfkwmmm

macro picture looks bullish to me. happy new year guys

hfkwmmm

btcusd/money supply - still ~30% away from its previous ATH: m2 expanded by ~25% within 2020. something like this never happened before.

hfkwmmm

since it's inception bitcoin's price action outferpormed every other asset: this will continue!

hfkwmmm

as long bitcoin does not go way lower, it remains bullish. = if we do not go down, we will go up. :D GL & HF

hfkwmmm

very interesting setup: if this plays out 2021 will be extremly bullish for equities and crypto. dxy looks very weak and the eur broke its long term downtrend.

hfkwmmm

disclaimer: i am verty bullish on bitcoin and crypto in general. but: we saw a crazy rally the last weeks and tho fomo in the markets is insane. i think that btc may face a sharp pullback (~20-35%) soon. this may be a good opportunity for buying. fear and greed index is still at 'extreme greed'

hfkwmmm

Macro setup

hfkwmmm

trouble in the markets....

hfkwmmm

yes

hfkwmmm

Double top or bullish continuation? im leaning towards the bearish case because the overall economy except of the us stock market is in a recession already. we have a bearish rsi divergence on the daily like in q1 2020 and a similar setup too (double top, in q1 the div was more significant). we saw lots of inlaftion with rising markets. if the pendulum changes...

hfkwmmm

i think we will see a correction in the next few weeks

hfkwmmm

wassuo

hfkwmmm

micro and macro structure of the chart point towards bearish continuation

hfkwmmm

things are gonna get ugly