Hi all, I just thought I'd share some long term possibilities with Bitcoin. My recent calls have not been correct so much, as I expected a pullback a bit earlier than where we managed to reach. BTC actually progressed throughout the entire channel. There is a possibility it can go higher, but I am doubtful once again.
I still lean bearish, but this weekly chart demonstrates two possibilities. Take it with a grain of salt. I am mostly with cash at this point, since I do not see future gains being worth it.
This chart basically takes the bullish route if RSI manages to break and BTC hits $10,000+ in a short period of time. If it does not, then the bearish case may occur.
Good luck everyone.
I still lean bearish, but this weekly chart demonstrates two possibilities. Take it with a grain of salt. I am mostly with cash at this point, since I do not see future gains being worth it.
This chart basically takes the bullish route if RSI manages to break and BTC hits $10,000+ in a short period of time. If it does not, then the bearish case may occur.
Good luck everyone.