BTC - A THIS SIMPLE HINT - TARGET IS 90-125K+ BY NOVEMBER 2021
Hello everybody, I am back.
I hope you enjoyed the amazing run of Bitcoin from January, and if my last idea (below) conviced even 1 of you not to sell during a retracement, then I can consider myself happy. I have been out for months but luckily, there would not have been much to say, only BULL RUN :) Which is not over yet. I think we are done with the abrupt retracement and we will resume the bull trend in few weeks (not immediately).
Many believe 60k was the top. It is possible of course, but for me, it was likely not. I will provide a detailed analysis on that, but for the moment everything is suggesting to me that we are still missing a leg UP: Elliott, public indicators, my personal secret indicators, the reasoning we made multiple times in the past on the FAIR VALUE of BTC, or simply the comparison the chart with the run in 2017.
To sum up, everything points to a target above 100k. And it will do it very fast, because trends like this do not last much and if you think about it, the bull run was almost without break from September. September 2020 - November 2021 is more than 1 year, a fair interval for a bull run. However, during the last months, I also started to see 2 big criticities of BTC. I will talk about them in a different thread.
If you do not believe that things are positive for BTC, take a look at the chart. Before the last high at 60k, the previous top in price and RSI was respectively at 42k USD and 97. We are now almost at an "oversold" level for a bull run (a 30 level in RSI is pretty low), but still we are well above the previous overbought top.
This is a clear signal to me that we almost completely "reloaded" the indicator which is now ready for another leg up.
The retracement can be over, we can maybe have a very fast down movement down to 42k (another 10% from here) due to stop loss squeezes, and to retest the previous high, but clouds are disappearing, if there was any.
As usual, btc will not show clearly what he wants to do, and I expect many fake movements, traps and probably for few weeks we will have a lateral movement in the range 43k-53k. I will also show that this last downmovement is also the end of a bigger yearly cycle started in March 2020, therefore the closure before the new up yearly cycle can take a while (end of May - Beginning of June) . After that, MOON again.
Thank you for the many messages you sent me during these months!
I hope you enjoyed the amazing run of Bitcoin from January, and if my last idea (below) conviced even 1 of you not to sell during a retracement, then I can consider myself happy. I have been out for months but luckily, there would not have been much to say, only BULL RUN :) Which is not over yet. I think we are done with the abrupt retracement and we will resume the bull trend in few weeks (not immediately).
Many believe 60k was the top. It is possible of course, but for me, it was likely not. I will provide a detailed analysis on that, but for the moment everything is suggesting to me that we are still missing a leg UP: Elliott, public indicators, my personal secret indicators, the reasoning we made multiple times in the past on the FAIR VALUE of BTC, or simply the comparison the chart with the run in 2017.
To sum up, everything points to a target above 100k. And it will do it very fast, because trends like this do not last much and if you think about it, the bull run was almost without break from September. September 2020 - November 2021 is more than 1 year, a fair interval for a bull run. However, during the last months, I also started to see 2 big criticities of BTC. I will talk about them in a different thread.
If you do not believe that things are positive for BTC, take a look at the chart. Before the last high at 60k, the previous top in price and RSI was respectively at 42k USD and 97. We are now almost at an "oversold" level for a bull run (a 30 level in RSI is pretty low), but still we are well above the previous overbought top.
This is a clear signal to me that we almost completely "reloaded" the indicator which is now ready for another leg up.
The retracement can be over, we can maybe have a very fast down movement down to 42k (another 10% from here) due to stop loss squeezes, and to retest the previous high, but clouds are disappearing, if there was any.
As usual, btc will not show clearly what he wants to do, and I expect many fake movements, traps and probably for few weeks we will have a lateral movement in the range 43k-53k. I will also show that this last downmovement is also the end of a bigger yearly cycle started in March 2020, therefore the closure before the new up yearly cycle can take a while (end of May - Beginning of June) . After that, MOON again.
Thank you for the many messages you sent me during these months!
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Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
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