No surprises yet from Bitcoin. E might itself be forming a small triangle. The break out lines coincide with 20 day and 40 day averages.
The invalidation level is 31225.67.
This is a long term bottom and I expect the prices to double triple from here.
Invest at your own risk.
As you can see the trendline has shifter. Try landscape mode.
The previous pumb was a trap by whales. This is the perfect time to exit and buy more at dip
In 2013-14 we have 2 bull runs.
2012 bull run top to 2013 bull run top - around 1400 % gain
2013 bull run top to 2017 bull run top - around 1400 % gain
if history repeats itself then we can see a price target of 3,00,000$ in the 20121 bull run.
From 2012 bull run top to 2013 bear market bottom - around 2.7x
from 2013 bull run top to 2018 bear market bottom -...
BTC has been rangebound for a couple of months now between 50-60k levels. 49000 is key support, followed by 44k. Sustenance above 61000 gives strong resistance, sustenance for a period of time above that level can be bullish. However key moves are expected soon, this week will be crucial to determine its direction.
The weekly chart for Bitcoin (BTCUSD) is looking at its best in a long time, everything points to higher prices.
The candles are safely trading above EMA10 with ~$65000 set as the next target.
Depending on how this level is handled, we can potentially see a $100,000+ Bitcoin and beyond.
The more fiat printing by world governments, the higher that Bitcoin will...
