BitcoinLong
Is 240k BTC a Crazy Idea? Maybe not...
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Corrections both lasted almost a perfect year.
People are beginning to accept the 4 year cycle based on the halvening. 3 years of bullish action, 1 year of bearish correction.
If the top trend line remains valid into the next bull run, there is a case for a 240k coin. This would land the price action somewhere between the 2.618 and 3.618 fib extension.
This would also give us another touch on the top trend line.
Send it.
Am I crazy? You decide, in the comments of course.
Not financial advice.
Novice trader here.
Do your own DD!
Comment and let me know how bad this idea is!
People are beginning to accept the 4 year cycle based on the halvening. 3 years of bullish action, 1 year of bearish correction.
If the top trend line remains valid into the next bull run, there is a case for a 240k coin. This would land the price action somewhere between the 2.618 and 3.618 fib extension.
This would also give us another touch on the top trend line.
Send it.
Am I crazy? You decide, in the comments of course.
Not financial advice.
Novice trader here.
Do your own DD!
Comment and let me know how bad this idea is!
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In this chart we can see the 20sma has been acting as support since the bear phase has ended.Anmerkung
sma crosses marking bottom with rsi HighlightedAnmerkung
lookin goodAnmerkung
playing around with fib circles of first set of lows.this is an interesting way to look at what we might have in store over the next 14 months.
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updated from the daily perspective.
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