Hi!
In this analysis, I present the arguments to show what many renowned traders already claim:
Bitcoin is only at the beginning of an uptrend.
Why do we have a strong uptrend?
In the red lines of the Bitcoin graph, we have the historical tops.
Below, I configured the CGO (Center of Gravity Oscillator) with a period of 200 days, using a Fibonnaci retraction...
(ℹ) Perhaps the best way to analyze the value of an asset is with Bitcoin, and not with a government-owned coin that only loses value over time...
The long uptrend we're in started in January/2020.
We can consider that we are in wave 4, and in this wave 4 we are in an ABC correction, where the drop was rejected, corroborating the beginning of wave 5.
By...
When the price touches the orange support line, we will likely have a bullish reversal.
If the forecast is confirmed, there may be an increase of 100% and later of 400%.
When breaking the triangle up, there is a great possibility of hitting $4.87.
Looking at the Center of Gravity Oscillator (CGO), it could be a good time to buy, indicating upward bottoms.
An inside bar is also breaking, with a good risk-return.
