BTCUSD long term price behaviour IMO

17 июл. 2020 г.

Hello my fellow traders. I am a price action/pattern trader. But i usually trade short term using price action and patterns. Today i tried to do simple pattern analysis on bitcoin in the long run and here is what i noticed. From my chart, you can see what stage we are trading in. So please try not to short the break out.
In my opinion:
1. Bitcoin never going back to 3000-4000 range again
2. Lowest possible price is 7500 (Coming back to 6000 range will be really unlikely but still have a chance)
3. Few more boring months are coming
4. We are consolidating sideways
5. Once we break 10500, sorry we are not seeing 9000 ever again. This range will become your dream price
6. Peak of upcoming bull market is 81000$ (Scientifically calculated number but cant depict in this chart because too many texts on this particular idea)
7. After all, just stack sats and chill