The Monthly Overview of the Bitcoin Megabull Cycles

Merry Christmas or Happy Holidays All!

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A simple chart overview for my followers the Bitcoin Monthly in 2011 to 2020.

Currently as you may have noticed we have completed a 3 year old bear market and now launched a bull reversal on the Monthly chart after completing a rounding bottom bull reversal (blue half circle) as we did at each previous cycle.

Also notice that the Monthly Bollinger Bands have squeezed and already released to the upside for the bulls confirming the start of the megabull! The direction is confirmed to the upside now and it is time to hold again and sell November/December 2021.

We see now that Bitcoin is launching once again towards a new Megabull with targets being:
$200,000-250,000
OR
$321,000-440,000

Best of luck and happy trading!
Carl M.

Comment:

Currently we are expecting $32,000-33,000 range by January 2021

Trade active:

The Bitcoin plunge protection team will make sure that Bitcoin closes the monthly around $35,700-36,200 at minimum on January 31st. We are likely to start rallying there within the next 48 hours.