I suggest loading up on your favorite alts and holding for the next 800-1000 days. This way you can making thousands of percent in profit over the next 2-3 years. And quit your shitty cheese job at the sandwich factory. If you pick the right coins you can turn 1000$ into 100k$ if you pick the wrong coins you can at least turn every 1000$ into 10k. Just save as...
•We have a bullish cypher in play here. Within the harmonic category of patterns, the cypher is a reversal configuration.
•The cypher formation frequently occurs during a market trending period (HTF) and presents as a terminal move.
•Next is a trend reversal.
Why is this consolidation probably different than the previous ones we've had in the past 7 months?
1. For the first time, we broke out of a consolidation to the upside in a while, with little or no resistance above this consolidation (little to no value from CMP all the way to 30k).
2. Bounced off of untapped 17-20k demand cluster confluenced with previous...
Throughout this double top formation, RSI have cooled down and been trading under the oversold zone now. We have good support around $20K, which can act as a bottom. Then we can expect a rally upto $150K
BTC is currently in a descending triangle after a bull run, it's repeating.
Yeah pretty self explanatory, idk about anything tho so take it with a grain of salt. Consider it an educational post about chart patterns maybe
Using logarithmic curves by @quantdelic and my awful drawing skills, I'd like to believe that BTC could be valued at more than 30 mil by 2035.
Ofcourse, this could be due to inflation (mass dollar printing, infinite QE, etc) or BTC taproot or more bitcoins being lost (currently standing at 33% of total supply lost)
It doesn't have to be one or the other, actually.
Just a reminder of how $BTC traps people in correction of same degree by bouncing off golden pocket zones of fib extensions before dropping to 1:1 ( see how close it came to 1:1 in 2018 bear market bottom) . And this correction is of same degree of 2019-2020 drop and 1:1 of that is on marked price