Bull run starts when we approach old ATH, ca mid 2021
The area from here til then is "bump along the support line" period, always long from log support, and shorting is still possible if we get too far up
Cool if it plays out:
2 weeks of bart followed by 2 weeks of chop.
3 weeks of bart followed by 3 weeks of chop.
Waiting patiently for the bottom in low 6ks which should occur just before the year end.
Just putting it here for myself too see if it works out
My target is ca 7200 (could go lower, but I don't want to miss it)
Bedrock support which BTC has enjoyed over the years:
Unfolded log chart (deducted support):
It's too early for a continued bull run -- a new ATH will not happen this year. If it does we are looking at something close to 50k, and then back to 10k. No one wants that. However I try to extend the current chart to go upward (in a more macro setting, not shown here), its just does not look natural. I don't think the current situation is explicitly bullish or...
The famous 4chan Bitcoin prediction made by Anonymous in January 2019.
April and July seem on track. Whatever happens sell when monthly RSI reaches 96.
Sorry, can't post external links because not a pro account