After a solid 15 year run the Dow Jones has topped. $39,000 will be followed by the grinding and chopping of the next 3 years. The data forecasts price will settle down to the near $23,720 Level. The Feds response to stabilize this decline is always a factor that cannot be ignored. They can easily print their way into a softer landing. But diving the charge...
BTC $460,000. Sounds ridiculous to make such a forecast. And I am sure plenty of others have thrown out even higher numbers. But did they provide a map? And have they done it in the past! I slapped a 3 year on here as I meant it would be before the next Halving. But really I calculated this out as a 18 - 24 month forecast. I just could not paint it in with...
This is a meaningful description to my forecast. Look out below. And get ready to buy.
The 1st leg of the ALT bull wave is underway. And as the ALTS take profits, they seek refuge in ETH. From here forward, profit taking in the ALTS will get deposited into ETH. The sleeping Giant. Next move - $3900
Chart explains it all. Chart explains it all. Chart explains it all. Chart explains it all. Chart explains it all. Chart explains it all. Chart explains it all. Chart explains it all. Chart explains it all.
BTC has failed to make a sustained rally above $29,500. I recommend selling BTC, and taking profits. And waiting for a pull back to near $19,000 or so. There may be other entries. But currently recommend taking profits. If we see prices above $19,550 I would get bullish again. Not financial advice. For entertainment purposes only.
This is a long term 5 year call on BTC direction. While there remains the open possibility of one more downward thrust to $18,750 and perhaps a flash to $13,750, the majority of the bear move has been priced in, and time is now on the side of bulls and the long side. Most of the time in the next 5 years BTC will be higher. I believe significantly so. The Reason...
My short has been stopped out, and looks to be going higher IF we break down below 22,000 again, I will re open the short.
Tittle says it all. If you dont follow my brand of TA, there is no point in explaining the chart. Murrey Math folks would recognize that we're at the top of the frame. Lights out. Shorts on, stops above 24,200 or a new high.
Sorry the chart is very cluttered. The title says it all. A break of of the orange trend channel around 23,00 will accelerate the selling.
BTC 2 year sell off has been quite grand. So many noobs. So much money lost. So many shorts handsomely rewarded. Prepare round 2 of buying below $18750. With high concentration from $14,100 - $12,500. Do no buy below $12,500.
Man. My big bullish call on BTC is off the table. This does not look good. We would have to get back above ~23,000 to reverse this break down. $14k could very well be back on the table. Rats!
BTC crosses $25k on the way to $36k . see other chart series.
Eth climbing on schedule. See other charts. $2200 new target .
Target hit, Eth will go for more. $2125 next target.
Eth - has completed 4 of 3. And about to cross over to the top part of the grid.
Btc has broken out of the downward trend channel, created a solid bottom and accumulated much volume. And is now about to break out and up into the next MMM frame. LIFT OFF BTC $36K incoming.
BTC has been in a sharp bear market that is about 90% behind it. In the coming 1-10 days I see the final collapse into the final low with a target of $14,100 - $18,750. DM me if you are interested into any other aspects of my methodology. Thanks.