Long

Bitcoin should close 2020 at $24,039 or at least hit by then!

Updated

A reciprocal pattern in play. take the close price of 2017 and minus the close price of 2018 , then add that to the close price of 2017..

$13863
-$3691
---------
$10172

then add

$13863
+10172
---------
$24035

My target for end of first quarter 2021 is $46535][/b

Strong buy! Keep adding on dips above $19100. Stop loss exit $18700- 19100

Note

Btc bottomed @ $17998 this am.. On a 144 and 288 minute chart. If my target is met it would equal a %33 move exactly! Remember this post!

Note

i just did the math and its amazing! at $17988 its also gives btc a valuation of 334,150,526,038 which means it held 1/3 of a trillion almost perfectly! @26342 it would give it a 500 billion valuation! so im gonna say that bitcoin will have a high of $26342 for 2020 and 2020 will close at 24039

Note

I use 19100 as a stop and add # because it s half of $38200 38.2% of 100k . The November close was $19715 which is $615 off my support #. Which is pretty much $618 61.8 of a 1k dip. these fibinacci #s are always present . which to me means its gonna continue! Hodl

Note

17952 is 33.3% of 1 trilllion 17905 was todays low

Note

Bitcoin is currently trading at 22,000 with a market cap of $407 billion. Up $2900 on the day!

Note

We just broke $23,000 three hours after my last post. Looks like it could blow through the $26342 target but I still think it closes the year @ $24039! 2021 high could be as high as 39,000. Which will be a double from the 19100 area I spoke about a few days ago.
I added to my position at $21300 and $22300. Entered a stop order for the add in position @ $21600

Note

Btc just hit $23917, 15mins after breaking 23k. Back to 23k 5 minutes later. 23600 is the # to watch now

Note

Btc ran $19918 off the bottom it made in March 2020. 20k.for.2020 lol. Also 19892 was the previous high so it ran the same #. Crazy how the reciprocal patterns work so well. If it breaks out to the upside again we look for $36654. which is the high 2017 ($19891) minus the low of 2018 ($3128)

Note

Targets
$24030. =s range of 2017 to 2018 yearly closes plus 2017 close. Came close missing it by $110 12/16/20 . Also is 23.6% of 100k

$26342 equals 500 billion market cap

$33333 . 1/3 of 100k

$36654 . Equals 2018 range + 2017 high. Also is pretty much 38.2% of 100k

$52684 equals 1 billion market cap.
And a test of 50% of 100k.

Downside targets

$19891 previous high

$17800 which is 33.33% of 1billion

$13863 which was the close of 2017

$12300. Where trump said he didn't like it.

Note

Also interesting, futures trading in BTC started on 12/18/17. Exctly 3 years to today where these highs were made. Also btc bottomed on 12/18/19 . Look at the chart. Even tho it broke thats days low in March 2020 I still believe the bottom was exactly 2 years after wall street tried to ruin it.

Also on that date in 2017 a Circuit breaker was implemented for crypto .

Note

12/17 /17 not the 18th

So far the high price for bitcoin was $24300 on 12/20

Note

$24315 equals

$13683 the close of 2017
- $3411 the lowest monthly close jan 2018
=$10452
then add that to the 2017 close
=$24315

We just broke that price 6 days later.
Btc is currently trading at $24900 . Day high is $25000 on coinbase
$25018 on robinhood.
next target is bitcoin hitting a 500k market cap around $26350 -- $26900

Ill be lightening up around $26180
if it breaks 27k ill add back in!

smo39

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