If I am reading the charts right, we may be on target to double our price point in less than 40 days.
Points for this bold (almost ludicrous) prediction include:
- Out of all bearish downtrend channels on the daily
- Inverse head-and-shoulders forming on the daily
- Key levels held during this last downturn
- Bitcoin should now be back on it's 60 day cycle pattern (first 45 UP, last 15 DOWN)
Points for this bold (almost ludicrous) prediction include:
- Out of all bearish downtrend channels on the daily
- Inverse head-and-shoulders forming on the daily
- Key levels held during this last downturn
- Bitcoin should now be back on it's 60 day cycle pattern (first 45 UP, last 15 DOWN)
Note
This is still a valid inverted right shoulder friends. And we are resting on huge solid support that has not been broken since March of 2017, over one year!
If it breaks, we may be screwed. Until it breaks, I am as bullish as can be. There is no better buying opportunity than right here. Right now!
Note
Just remember, the BLACK trendline has NOT been broken since March of 2017. I still believe there is NO better time to buy than right here, right now!
I have adjusted my cycle times according to the latest price movement in the above chart. See the RSI section.
Note
Ooops. Realized I forgot to adjust the upper part to parallel the RSI. Sorry. Here it is.
Stewdamus Trades -
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Crypto predictions, targets, how-tos, and much, much more!
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Related publications
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.
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
Related publications
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.