meszaros

The rise of BTCUSD is just beginning.

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The rise of BTCUSD is just beginning. According to my analysis, which is based on a fractal strategy, we can now see the construction of a 1: 1 fractal . In my previous analysis, I determined the turning point at The purpose of my current analysis is to set a target price. I assume the motion is a 1: 1 fractal copy. It is a common phenomenon in crypto movements. In this case, the increase will be 50% higher than the current level. Target price: 19467.19usd
Comment: We reached the target price.

Comments

Awesome bro. Please update on the next move. Thanks in advance. Cheers
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meszaros ShahramZa33sa
@ShahramZa33sa, Thank you very much.
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Or just ending? 🤣😂
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meszaros Captain_Walker
@Captain_Walker, We'll see. Anything can happen, and vice versa. 🤣
+2 Reply
@meszaros, Perhaps my scepticism will prevent me from making profits on Bitcoin (long) - or protect me from losses. As many know the main thing that pumped price in last day or two was gamblers piling in on news that PayPal adopted Bitcoin. This was about pure greed.

On the flip side of this - namely reality - is that Bitcoin and Gold have been well correlated in price action with the DJI (not perfectly of course but across general trends). I see Bitcoin as a wild ride.

Overall I'm bullish over say a 20 year time frame. But in the short term - over the next year or two, I'm bearish. If the DJI corrects south, my estimation of probability is for Gold and BTC to head south. At that point in some deep trench would be a sweet buying opportunity.

I still think the DJI is due for a very major correction (and therefore BTC and Gold). I say that because DJI is being pumped up on absolutely hot air. This is almost purely built on greed and hope - not true tangible value. Reality always comes round to bite. COVID was the first big bite in the first quarter of 2020. It's coming around again. Economies are shutting down. The disconnect of stock indices prices from real worth is likely to be resolve. I foresee major pain. Hence pain for gold and btc in the shorter term (year or two).
+3 Reply
Good Analysis. But is the timeline in 2021?
Reply
meszaros Girrad
@Girrad, Thank you very much for your comment. I can't determine the exact date yet.
+1 Reply
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