Bitcoin future?

Hi all.
Remember what I’ve promised you last time?
The chart today is only one. The time frame of it is strange even for me but it`s really interesting. It`s a yearly time frame chart. Yes, I know it`s big but Bitcoin is a really long term game so let`s see it.
In this chart every candle is one year. The chart shows the price from 2013 till now. We can clearly see two similar patterns. The first one is from 2013 till 2016 and the second one is from 2017 till 2020. This two patterns are with the same structure and only the sizes are different.
* The first one is a big green candle which is the ATH at that moment.
* The second one is a red candle which is the macro correction.
* The third one is again a green one which is some recovery.
* The fourth one is the most interesting. This candle fully recovers the second one and also break out the resistance at that moment and… yes it leads to the next big green ATH candle.
Guess what`s missing nowadays? Did you get it? The fourth one. That`s why this year close is looking to be important. Right now we`re exactly at the line. We have almost 2 months and the momentum looks good at this moment so it`s very possible to see 100% repeat. The most important is to break out from this resistance level. How far is not so important but there`s two scenarios for me.
The left one is the realistic one (lowest history results and future projections)– closing this year at around $17K and next year an ATH at $100K.
The right one is the mooning one (average to high history results and future projections)– closing this year at around $24,8K and next year an ATH at $640K. Personally I’m not a fan of the moon one simply cuz if we close this year at $24,8K this will be an ATH by itself. There`s no sense of this and it`s ruing the model at some point.
Interesting right? I think yes so the only thing that I can say is: Merry Christmas and Happy New Year, fellas!
That`s all for now.
See ya next time.

Fascinating stuff! Certainly exciting times for BTC HODLers at the moment

$10,000 would be a great buy zone...!

marco_mmbiz posted:
BTC seems strong over the 10k level. But it's still not a safe one...

Another one of my own thoughts from earlier today:

marco_mmbiz posted:

marco_mmbiz posted:
BTC seems strong over the 10k level. But it's still not a safe one...

Another one of my own thoughts from earlier today:

17k are hit. Now, let's have a look what will happen next. I just threw some arrows onto the chart again. We'll see...

Adribaasmet posted:
I think; 2019-2020 will be same as like 2018; I mean no impulsive move; then 2021-2022 will be for the buyers only.

I agree with you.

We already hit 18k USD today. It seems that we'll now get the long-awaited correction before the end of the year (my arrows might not be 100% correct on the timeline):

Crypto market is very risky market. You need to be very careful if you are thinking to invest in this market.

Now we also hit the 19k mark, I think this will go up to the old 20k mark before making any huge adjustment to the downside.
I just changed my arrows again (they still might not fit to the timetable):

So, we went nearly up to the all-time high. Now back to some consolidation (those arrows might still not really fit 100% here):

The 20k mark is broken now. It seems he's not wanting to come back anymore. Nevertheless I threw some arrows onto the chart again:

Bitcoin is kind of safe heaven right now. Still, investor should careful for some draw back.

Just another zoomed out view with some arrows and lines. Next goal could be 30k (and 40k later):

I think there is no point in investing in bitcoin now. Those who want to buy it should wait until it rolls back to more acceptable prices.

Mariusz54546 posted:
I think there is no point in investing in bitcoin now. Those who want to buy it should wait until it rolls back to more acceptable prices.

How long you want to wait then? 😉

All-time high above 35,7k, now waiting for new possibilities to enter again (arrows and lines might still not fit with other charts):

Some possible scenarios that no one can really predict (some arrows and lines might still not really fit to the timeline):

Been a crazy time for btc, made some small profits of it. Wonder where it’s going to end up this year, it’s going to be interesting for sure.

momo3HC posted:
Hi. Let`s talk about bitcoin and it`s future. What are you thinking?

So tough to tell but it has rebounded nicely and back above the 38k range