BTC - BIG PICTURE - DON'T STOP AT THE BEGINNING OF THE JOURNEY

Let's play a game. Take a look at the following picture without looking at dates and price values. Just the candles and the pattern.

The price, after a consolidation at the previous ATH levels, finally breaks and registers a great 133% run, followed by a 31% retracement on the 21MA daily. It was on July 2017.

Now take a look at the current situation.

Incredible, right? Many considers this drop as the end of the game, the end of the Bull Run. Probably, the do not know what a bull run looks like in BTC.

Let's go back to that moment in 2017 to put the first picture into the bigger perspective of what happened next.

If you exited the market at that moment, you would have missed a life-changing opportunity. Not a one-in-a-lifetime one, as it will happen again XD. Don't make the mistake of expecting the market to do what you think. Just follow it.

I don't have the illusion to say that this is the absolute truth nor that the past exactly repeats itself everytime, because, as mentioned in my last idea, it does not. Especially on BTC which is a new asset, with an exponential price range. However, the past is useful, especially on an asset based on math and therefore easily "understandable" as BTC. it is true that, compared to 2017, the amount of money needed to do the same hyperbolic growth is huge, and new players entered the market, which is not just retail and nerd traders that found the golden toy anymore. However, the potential of BTC remain unchanged and, if something, it has been appraised by institutional investors. It is no more some weirdo crazy man saying that it can go to 100k with btc price at 3,000. Now we have the proof it can go to levels not even imagined. We know that if BTC has a true value, and we know it has, (the reach of the 42,000 level with the entry of big funds and investors certifies it), it is certainly much higher than that.

I also do not want to suggest any target as it is tough and beyond the scope of this idea. They are just numbers at the moment. However, If you want some idea of possible targets, I suggest you to read my related ideas below, especially the old ones mentioning the targets for the bull run, both technicals ones and fundamentals ones based on calculations. Nobody can know where it can go, but for sure we know it is higher than 42,000.

Comment:

don't get me wrong, probably we will have a deeper retracement, so set your SL or have them clear in your mind.