Hello my fellow smooth brained apes, autists, and retards (if you don't know what this reference is if from then smh).
At any rate - BTC is at a critical juncture much like the call I made back in early December when nearly 100% of the crowd was calling for BTC to crash 30-40% at $20k - I was calling for a major breakout to the upside and to smash through $20k resistance like an Ape smashing a coconut.
Additionally - I made another major macro structure call in a couple videos I posted that the old dumb money that bought the 2017 highs would sell to the "new smart institutional money" at $20k in the past few months... low and behold, articles are now coming out and describing this phenomenon that I had already grasped before the broader market realized it.
Here I am again... while many traders and furus are calling for a major bearish selloff I am standing by my conviction backed by data and analysis that BTC is headed much higher.
Elon Musk & Ray Dalio Effect
It couldn't be bigger to have someone like Elon Musk put something as simple as a bitcoin symbol on his twitter bio - a tip that the former co-founder of PayPal will likely utilize bitcoin and perhaps other cryptos in a much bigger way than just lip service. I fully expect TSLA to start at least a small investment on BTC with balance sheet cash in the next 4-6 weeks.
Michael Saylor Conference
Michael Saylor's conference to CEOs of publicly traded corporations begins this week and will be pivotal in offering his playbook on how to invest in bitcoin as a publicly traded corporation which has already paid dividends with a convert in Elon Musk after Saylor spoke with him a few weeks ago.
microstrategy.com/en/resources/events/world-2021/bitcoin-summit
Initial Breakout Price Target - $46k
If you're a short-term trader - as always, wait for breakout of triangle on high volume and then a retest of the upper line of triangle and a bounce off of it on lower timeframes (4H, 2H, 1H) before buying.... however, if you're like me you're already positioned in BTC :) . This breakout could occur any day now and likely is to happen sometime by the end of this week.
Also, be a good smooth brained ape and buy LINK.
At any rate - BTC is at a critical juncture much like the call I made back in early December when nearly 100% of the crowd was calling for BTC to crash 30-40% at $20k - I was calling for a major breakout to the upside and to smash through $20k resistance like an Ape smashing a coconut.
Additionally - I made another major macro structure call in a couple videos I posted that the old dumb money that bought the 2017 highs would sell to the "new smart institutional money" at $20k in the past few months... low and behold, articles are now coming out and describing this phenomenon that I had already grasped before the broader market realized it.
Here I am again... while many traders and furus are calling for a major bearish selloff I am standing by my conviction backed by data and analysis that BTC is headed much higher.
Elon Musk & Ray Dalio Effect
It couldn't be bigger to have someone like Elon Musk put something as simple as a bitcoin symbol on his twitter bio - a tip that the former co-founder of PayPal will likely utilize bitcoin and perhaps other cryptos in a much bigger way than just lip service. I fully expect TSLA to start at least a small investment on BTC with balance sheet cash in the next 4-6 weeks.
Michael Saylor Conference
Michael Saylor's conference to CEOs of publicly traded corporations begins this week and will be pivotal in offering his playbook on how to invest in bitcoin as a publicly traded corporation which has already paid dividends with a convert in Elon Musk after Saylor spoke with him a few weeks ago.
microstrategy.com/en/resources/events/world-2021/bitcoin-summit
Initial Breakout Price Target - $46k
If you're a short-term trader - as always, wait for breakout of triangle on high volume and then a retest of the upper line of triangle and a bounce off of it on lower timeframes (4H, 2H, 1H) before buying.... however, if you're like me you're already positioned in BTC :) . This breakout could occur any day now and likely is to happen sometime by the end of this week.
Also, be a good smooth brained ape and buy LINK.
Note
This is the funniest internet gathering of people I've ever read... if you haven't been reading through WSB you've got to - they consistently put out top 10 funniest material I've ever read:reddit.com/r/wallstreetbets/comments/lavgj3/my_102_year_old_grandmother_bought_gme_in_august/
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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.
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.