Starting the next bull run (Grab your bowl - hopium incoming)
Updated
1. The following is for entertainment purposes only.
2. Do not trade on this information. You will lose your money.
3. Yes I have positions and yes I am basing my decisions off of long term analysis like this
*History doesn't repeat but it often rhymes*
Two thoughts:
1. In February 2019, 5 months after the ichimoku long term and short term trend lines crossed in 2018 on the month scale, we started to see a relief rally in the bitcoin price
It's now 5 months after the trend lines have crossed bearish again. Will we see a repeat? The ichimoku cloud seems to align with this.
2. 45 months after the 2017 peak we got the 2021 peak. If we create a trend line between those points and then project out another 45 months, we would see a peak of ~123k. Conservative sure, but more realistic imo than all these million dollar projections.
2. Do not trade on this information. You will lose your money.
3. Yes I have positions and yes I am basing my decisions off of long term analysis like this
*History doesn't repeat but it often rhymes*
Two thoughts:
1. In February 2019, 5 months after the ichimoku long term and short term trend lines crossed in 2018 on the month scale, we started to see a relief rally in the bitcoin price
It's now 5 months after the trend lines have crossed bearish again. Will we see a repeat? The ichimoku cloud seems to align with this.
2. 45 months after the 2017 peak we got the 2021 peak. If we create a trend line between those points and then project out another 45 months, we would see a peak of ~123k. Conservative sure, but more realistic imo than all these million dollar projections.
Comment
I expect you all to give me the same level of fame as Plan B and Carlos MatosComment
Where do I claim my comically sized internet clout check for calling this?Comment
Just wanted to drop in and say this call is still accurate lolComment
Still accurateComment
Checking in - Still accurateComment
Checking in - Still accurate :-)Comment
Full on bull market modeComment
Still on trackStill hodling
Comment
Still on trackStill hodling
Comment
Still accurate - eat your heart out s2f 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.