On the Verge of an Euphoric 12 Months of Bitcoin Megabull AGAIN!
Updated
Merry Christmas or Happy Holidays All!
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For those who have been following me for many years, I successfully predicted back in 2015-2016 the Bitcoin Megabull to $10,000+ and I covered it through 2017 on the below chart until close to the end while many doubted the run would ever occur:
Now as crazy as it may seem, Bitcoin is about to do it again as mass adoption goes to another level with wallstreet and companies investing heavily in BTC ( Microstrategy , Paypal etc.). Hence I will be using this chart to cover the Megabull through 2021. At this moment, I have updated our earlier Weekly chart with an extra purple fractal that would kick in, in case the blue fractal with the bullish parallel channel is broken to the upside and faster first Megabull plays out towards $90,000-100,000.
Both dual fractals provide Megabull final tops/sell/short ranges somewhere between either (all good sells):
$200,000-250,000
OR
$321,000-440,000
Make no mistake, you will need to hold strong for 12 months until we reach the final top of the Megabull around End of November / Early December 2021.
Consider this idea VOID/FAILED if Bitcoin breaks the bull channel's bottom support currently at $15,500-16,000.
Best of luck and happy trading!
Carl M.
Previous ideas: (please like and share)
Bitcoin Monthly Overview of the Megabull:
Bitcoin Weekly Overview of the Megabull:
Ethereum Weekly Overview of the Bull Run so far:
Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
For those who have been following me for many years, I successfully predicted back in 2015-2016 the Bitcoin Megabull to $10,000+ and I covered it through 2017 on the below chart until close to the end while many doubted the run would ever occur:
Now as crazy as it may seem, Bitcoin is about to do it again as mass adoption goes to another level with wallstreet and companies investing heavily in BTC ( Microstrategy , Paypal etc.). Hence I will be using this chart to cover the Megabull through 2021. At this moment, I have updated our earlier Weekly chart with an extra purple fractal that would kick in, in case the blue fractal with the bullish parallel channel is broken to the upside and faster first Megabull plays out towards $90,000-100,000.
Both dual fractals provide Megabull final tops/sell/short ranges somewhere between either (all good sells):
$200,000-250,000
OR
$321,000-440,000
Make no mistake, you will need to hold strong for 12 months until we reach the final top of the Megabull around End of November / Early December 2021.
Consider this idea VOID/FAILED if Bitcoin breaks the bull channel's bottom support currently at $15,500-16,000.
Best of luck and happy trading!
Carl M.
Previous ideas: (please like and share)
Bitcoin Monthly Overview of the Megabull:
Bitcoin Weekly Overview of the Megabull:
Ethereum Weekly Overview of the Bull Run so far:
Trade active
Currently we are expecting $32,000-33,000 range by January 2021 before a pull back of 30% to $23,000sNote
On track towards $32,000-33,000 range by New Year and early January 2021 before a pull back of 30% to $23,000s. No pull backs until then unlike every top chartist on Tradingview has been claiming would be.
Buy if you have not or wait for the $23,000 pull back and just hold.
Note
Note
Bitcoin has HIT our first target of our blue fractal at $32,000-33,000 seen on the blue fractal and also more parabolic purple fractal.From here I am closely monitoring the action around $34,000-35,000 to see if:
(Setup 1) we either get a rejection from that level down to the perfect buy/long level at $24,500-23,500 following the blue fractal
OR
(Setup 2) break $35,000 and hit $40,000 which would confirm the switch to the more parabolic purple fractal towards $100,000 a great sell area by January 31st roughly before a steep pull back to a perfect buy/long area at $30,000-25,000.
Note
It looks like we VOIDED the blue fractal to $24,500-23,500 setup 1 and were about to go full euphoric to 100K by end of this month through the purple fractal. Meanwhile all top posters on Tradingview still calling for retraces down since we broke $20,000. At this point its just not going to happen folks. The supply is clearly so low that were just getting hammered by an insane amount of buyers/demand.
Note
We bought $31,000-29,500
Note
Bitcoin looking good on the 3D chart catching up with our blow off top to 100K fractal so far.
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