I think bitcoin is currently caught in a falling wedge formation which is a bullish pattern, when BTC price breaks out I think it will be to the upside with targets around 12k to 12.6k. We still need to hit top of wedge and get a retrace before there is confirmation that we are in a descending wedge but something to watch out for. I think we will bottom around $9500 and then we will shoot up between July 4th and July 6th, so pay attention to those dates. I think once we reach 12.5k we will top out then start our slow descent downward before we have our next major capitulation in early August. I also go over current price action, short term and long term and show when and how high the peak of our next bull run will be.
This is not financial advice! these are only my views and options of the market.
video calling for bitcoin drop from green fib circle:
video how to play it on the way down:
video showing we are topped out and about to drop:
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You called the pump & the dump, and we got ‘em both 😉
Thnx for great video bro!
In my last comment I said you should officially call this the top, but now I'm not so sure, it's not acting that way. I think it's now more likely we have one more leg up this week, and then we peak.
you are fking legit high if you dont think we are in a bull run right now lmao gg
Nice call on the pump to $12K. Filled the CME Gap. Pumped on low volume too.
i got 2btc hack from vastrangelinks,com
on the BLX we have battomed out on yhe 200 EMA look at that
Excellent analysis
When people still donate/ watch to even the worst TA guy in crypto-space.
World is funny.
Fundamentals are bullish. We have all these new companies accepting BTC as payment. We have FB coin and Bakkt giving new attention. That is why we are going up faster than before. I think ur too bearish.
Ridiculous!!!
In theory if i had spare 5k to invest for long term holding should i DCA or wait for a reasonable price drop and buy in at that point?
Any thoughts on where you think this is headed short term now that it broke out?
Very impressive young one
All the money is made and lost on the way down. The pump up is just the setup with all the action being on the downside.
Why would you project the peak to be at the next halfing point in 2024 when you state that halfing points are the bottom. Following your logig, the next peak would need to be somewhen in the first third between halfing points which would put the next bull high at around the end of 2021 at around 170k.
Dear sir, my wife will divorce me if I missed btc waiting for 2k….please help
What you completely fail to realize is the participants in this market are just barely beginning to come from the field of normal mainstream financial market participants (institutional, etc.), 'AND; much more brand new crypto enthusiast continue to climb on board for the first time (virgin retail). The only reason for limiting BTC, was to cause massive explosions in price. Value incentivizes the creation of D-matter, nothing else is capable!! Eventually, all successful CASH (crypto asset securely hashed) projects will do service for BTC. I think BTC is more likely to mini rally to 50 K then fade back down under 5 K. D-matter has never been shown to humanity, & BTC is not there yet, not nearly enough value yet. BTC is still in the womb.
you've made some good calls during this bull and just as importantly catching the retracements, subscribed & donated
Good video, but there are 2 contradictory statements. You said we bottom out during or nearing the halving. But as per your chart, the next peak is at 2024 halving. If bottoms happen near the halving date, how can we have peak in the same year?
I would appreciate your response on this.