Bitcoin to continue its Megabull towards $333K by February 2022
Updated
Hey all!
I have been extremely busy at the personal and business level but I found free time to update you all on my thoughts on what happens next for Bitcoin following the approval of the first US Bitcoin ETF! For those who have not subscribe yet to my chain simply hit that Like and Follow buttons to receive the latest notifications/updates.
If you are wondering if you should purchase/buy/long BTCUSD here at $58-55K, I would say YES since it has retested the ATH and I have actually called the pull back from the ATH at $64-66K back to 57-55Ks a while back (my followers had that info a while back).
I believe that you or anyone could still make roughly 400% gains if BTC goes from $62,000 to $333,333 by February 2022 based on my fractal. How could it be possible you ask?
Well thanks to first US ETF being approved for trading, there is a lot of "smart" and "dumb money" flowing into the Crypto Market, more than any other Megabull run market we have seen in the past as the world embraces digital currencies through mass adoption.
Anyways here is what I expect in the incoming weeks:
1. BTC to bottom at 58-55K and run to $85-87K by December 2021
2. By December 2021 BTC will have a sharp sell off for tax harvesting/loss down to retest previous top holding as support at $68-66K~
3. BTC will bottom at $68-66K and will for the first time in history extends its Megabull past December into January-February
4. BTC will put a final Megabull top in February 2022 at $333,333
Looking distantly ahead at the next bear market of 2022-2024, we can expect the final bottom to be at $120,000-100,000 which would be our potential buy/long target then! The worst outcome would be a bottom at $81,000-75,000 but that's unlikely in my opinion.
Best of luck and happy trading!
Carl M.
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The timing accuracy on my earlier BTCUSD Megabull fractal is mind blowing here (click play) and were still on track!
I have been extremely busy at the personal and business level but I found free time to update you all on my thoughts on what happens next for Bitcoin following the approval of the first US Bitcoin ETF! For those who have not subscribe yet to my chain simply hit that Like and Follow buttons to receive the latest notifications/updates.
If you are wondering if you should purchase/buy/long BTCUSD here at $58-55K, I would say YES since it has retested the ATH and I have actually called the pull back from the ATH at $64-66K back to 57-55Ks a while back (my followers had that info a while back).
I believe that you or anyone could still make roughly 400% gains if BTC goes from $62,000 to $333,333 by February 2022 based on my fractal. How could it be possible you ask?
Well thanks to first US ETF being approved for trading, there is a lot of "smart" and "dumb money" flowing into the Crypto Market, more than any other Megabull run market we have seen in the past as the world embraces digital currencies through mass adoption.
Anyways here is what I expect in the incoming weeks:
1. BTC to bottom at 58-55K and run to $85-87K by December 2021
2. By December 2021 BTC will have a sharp sell off for tax harvesting/loss down to retest previous top holding as support at $68-66K~
3. BTC will bottom at $68-66K and will for the first time in history extends its Megabull past December into January-February
4. BTC will put a final Megabull top in February 2022 at $333,333
Looking distantly ahead at the next bear market of 2022-2024, we can expect the final bottom to be at $120,000-100,000 which would be our potential buy/long target then! The worst outcome would be a bottom at $81,000-75,000 but that's unlikely in my opinion.
Best of luck and happy trading!
Carl M.
----------
The timing accuracy on my earlier BTCUSD Megabull fractal is mind blowing here (click play) and were still on track!
Note
Bitcoin has failed its Megabull or Bull Market after failing to hold the bull log neckline at 49-50K. The Weekly Bollinger Midband at 51.6K currently has failed to hold as support as well but confirmation is pending till Sunday. That said it is very very likely that we close below 51.6-52K by Sunday and confirm the Bear Market starting in the Crypto Market.
Whether it is a short-term Bear Trend or a longer Bear Market is yet to be seen, but once confirmed I can definitely see a minimum test of the 1M Bollinger Midband at 34-32K. It could be much worse but lets give this market some time.
Note
I have taken 50% profit at this moment and the rest will follow after the Sunday close below 51.6-52K.Trade closed: target reached
Note
Currently watching these 2 fractals which both are the result of the Inverted Cup and handle Top bear reversal we've experienced. Bear scenario invalidation if Bitcoin closes above the 1W midband currently at 52.4K!
Note
I am expecting bear continuation to $34-32K mode/support which would be a good buy. Nobody is pointing to the giant falling wedge seen in yellow on my chart
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