Thanks to the end of the world, demand for crypto will surely push BTC beyond 50k after this bull-flag around Bidens fake inauguration.
Same with alts. We may see a dip as supply won't be enough for the sudden demand.
I have little doubt BTC and many other markets are going to tumble anytime soon thanks to the sh*t show happening in America since November the 3rd! Best year for us traders!
I am concerned of that huge wick on the 4th of Jan here in the upside-down nation of Australia. But that coincides with Alts value increase and lowering fiat trading volume. We could see...
Best bet, strong retest of previous ATH at 20kish.
Happy new year 2021!
While BTC grows once more I've taken the opportunity to make a dozen moonbags on specific blockchain protocols!
This chart explains it all really. I don't know what else, the reason why the parabolic run. Could be "preppers" placing portfolio in virtual currencies in-case complete tyranny rules America.
Looks like there will one final swing upwards before correcting. Consolidation could increase short positions resulting in bullish momentum.
Indicators for reference.
Market says it's gonna keep going up, along with a bubble that will cause even worse Depression since the early 20th century and the destruction of the USD.
I say "yeah pretty much but first look at this".
IMPORTANT: THERE WILL BE OFFENSIVE CONTENT IN THIS PUBLISHED IDEA. YOUR'RE AT FAULT FOR BEING OFFENDED.
Considering AMD releasing new releases and how the world is under Chinas wrongdoing, hopefully they pay us for the damages caused or we should boycott them.
AMD have hit AH. This is a bubble. PC part prices are ridiculously expensive, TSMC factory operations...
Written on the chart.
My brain or gut, not sure, tells me there could be bullish momentum without a massive retrace for a while till or shortly after BTC halving knowing the bi-polar hype regarding halving.
Non-rant: Institutions and governments say "we are preparing for a recession" while in reality it is pretty obvious we have been in a recession for over a year in the midst of the $17.6 billion stimulus package, generally only proposed during recessions. Yeah I remember the last time.
Rant: I wonder how much CPC of China along with the institutions that funded...
If you look at my previous AUD pair, you'll see it touched and rejected darvas box.
HS playing out so far for the last two months. I don't trade this but I do like to see it drop down to 62-64c as this will dramatically increase investment from other nations and my BTC portfolio.
After 70% impulse over the last week or so I expect a equally or worse brutal retrace. Top blue box indicates average time spent within price range. Previous downtrend broken on a fake bullish run. Formed new market structure while respecting new trend. Been bouncing bellow this darvas box and right now it is squeezing to the downside of the continuation...
Weak market. Respecting trend. 1.7 RRR. Gotta make new higher high but don't see that happening anytime soon. Previous support level blue line indicated.
Good luck!
