BTC-USD The rumors of my demise have been exaggerated.
Updated
I'm back!
Long-term - BTC-USD TA
Elliot Wave for illustration purposes only, I have no idea how EW works. :-P
I'm up late, happen to have been watching and decided I needed to come to the computer to chart this out. It appears we're driving to break 30k and may do it soon. I've been waiting for a $29,500 target for about a week now with a pending sell order in to take some profit. Not sure it will hit, but after doing some analysis, it might.
Thinking about all the bank issues and the news lands on Fridays the last few weeks. Nothing solid, but thinking that mid-week may be the new norm for upward trends, then a tapering off over the weekends.
Lets see what happens.
Target 270k by Valentines day 2025, based on the prior rally where we broke through the Ichimoku cloud in 2019. Breaking through the Ichimoku resistance requires entering in the side of the cloud, so we come rushing out of the top, then ride the support for some time, before we continue the long-term bull trend to the new All Time High of 270k, which could happen just before Christmas 2025.
AI advancements should be noted here, they may lead to major shifts in the marketplace worldwide in the next 18 months or so.
Long-term - BTC-USD TA
Elliot Wave for illustration purposes only, I have no idea how EW works. :-P
I'm up late, happen to have been watching and decided I needed to come to the computer to chart this out. It appears we're driving to break 30k and may do it soon. I've been waiting for a $29,500 target for about a week now with a pending sell order in to take some profit. Not sure it will hit, but after doing some analysis, it might.
Thinking about all the bank issues and the news lands on Fridays the last few weeks. Nothing solid, but thinking that mid-week may be the new norm for upward trends, then a tapering off over the weekends.
Lets see what happens.
Target 270k by Valentines day 2025, based on the prior rally where we broke through the Ichimoku cloud in 2019. Breaking through the Ichimoku resistance requires entering in the side of the cloud, so we come rushing out of the top, then ride the support for some time, before we continue the long-term bull trend to the new All Time High of 270k, which could happen just before Christmas 2025.
AI advancements should be noted here, they may lead to major shifts in the marketplace worldwide in the next 18 months or so.
Note
We may hit my $29,500 target within 9 hours.Time to sleep on it.
Note
Note
We're still very early in this bull cycle that will last the next year and a half or so.Here is a small update of a current channel forming that seems to be close at the beginning and end of this chart target.
Note
We will likely drop out of this channel along the way, but it may give us an idea of our aim.Note
ETFs Approved! How are we doing today?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.