im making this post a few hours before CPI numbers come out.
right now markets are pumping which could be a trap...
seeing markets pump before major news tells me that markets are over valued and that the data coming out could crash markets.
looking at previous FED news, we can see that is was followed by a pump and than a dump
i do think this is the case again because of major resistances and over valued signals on the multi hour charts.
the green line is a very strong support/ resistance level so i would not be surprised if we do end up rejecting from it. the pink line is a strong trend line that caused another dump last time it touched.
Bitcoins Future:
this chart here shows a longer term side of bitcoin and what i think will happen. i think that over the next few months bitcoin will top off at 20-25k around March. these levels are important fib levels + there is a trend line around that area that price can reject off.
in the past we've seen a similar pattern play out:
(2017 run)^
(current run)^
i do think that bitcoin will drop another 50% calculated using fib levels and important trend lines.:
i do expect this price target to be reached around fall of this year- end of this year.
after the 5k price target, i think that bitcoin will go on one more major run.
this price target of $800,000-$1,000,000 is calculated using fibs and trendiness.
using time zones, there is a pivot coming around fall/end of the year which i think will pivot price to a big up trend. the next time zone is around 2028 which is when i think bitcoin and other crypto projects will start to collapse.
i will be making more future posts about my bitcoin collapse prediction in the near future.
if you have any questions or concerns, feel free to comment or shoot me a dm.
right now markets are pumping which could be a trap...
seeing markets pump before major news tells me that markets are over valued and that the data coming out could crash markets.
looking at previous FED news, we can see that is was followed by a pump and than a dump
i do think this is the case again because of major resistances and over valued signals on the multi hour charts.
the green line is a very strong support/ resistance level so i would not be surprised if we do end up rejecting from it. the pink line is a strong trend line that caused another dump last time it touched.
Bitcoins Future:
this chart here shows a longer term side of bitcoin and what i think will happen. i think that over the next few months bitcoin will top off at 20-25k around March. these levels are important fib levels + there is a trend line around that area that price can reject off.
in the past we've seen a similar pattern play out:
(2017 run)^
(current run)^
i do think that bitcoin will drop another 50% calculated using fib levels and important trend lines.:
i do expect this price target to be reached around fall of this year- end of this year.
after the 5k price target, i think that bitcoin will go on one more major run.
this price target of $800,000-$1,000,000 is calculated using fibs and trendiness.
using time zones, there is a pivot coming around fall/end of the year which i think will pivot price to a big up trend. the next time zone is around 2028 which is when i think bitcoin and other crypto projects will start to collapse.
i will be making more future posts about my bitcoin collapse prediction in the near future.
if you have any questions or concerns, feel free to comment or shoot me a dm.