BitcoinUpdated BTC - Market Structure (D)
Bitcoin continues to press on the top of this descending channel
Some Cycle Guru disagreement here:
- If you pertain to the Real Estate Cycle this will support a longer-term bullish move for next 5 years to a blow-off top in 2029 (18.6 & 100 years cycle). Heavy growth in banks & commodities, average growth in tech.
- If you lean to Robert Prechter and his 100 year wave theory top in 2021 then his crash theory will indicate a pointed drop ahed of us.
- If you just roll the dice, respect.
Either way, It should be an interesting year ahead.
Best, Hard Forky
Some Cycle Guru disagreement here:
- If you pertain to the Real Estate Cycle this will support a longer-term bullish move for next 5 years to a blow-off top in 2029 (18.6 & 100 years cycle). Heavy growth in banks & commodities, average growth in tech.
- If you lean to Robert Prechter and his 100 year wave theory top in 2021 then his crash theory will indicate a pointed drop ahed of us.
- If you just roll the dice, respect.
Either way, It should be an interesting year ahead.
Best, Hard Forky
Note
still at resistance Note
if bullish then traditionally price volatility will calm and pum in a week or so Note
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.