Long

outbreak soon?

Updated

Hello,

I am beginning to wonder in the direction of an outbreak for BTC to the 13.000 USD level in the coming weeks (while regular global stockmarkets are stagnant or slightly bullish).
Then I would anticipate a retest of the current levels until the end of this year (with regular stocks falling from september/october onward).
Then in 2021 the economic havoc could pursue while BTC finally decouples from almost everything else.

Just an idea.

Thanks for looking,
Sven

Note

We saw a nice strong outbreak indeed.

Now let's see if this 11100 - 11500 region holds up.
If not, it's back to the 9200 - 10200 region (for a very strong support).
At those levels buyers should step in with growing volume.

However I still expect a downturn of wordwide stockmarkets to begin in september/october and am curious to see the reactions of gold and crypto.

Thanks for looking,
Sven

Note

Going strong.
Next stop around 14.000$.
Patience is key. A lot of difficult hurdles to overcome on the way up.
Keep safe.

Note

Next stop 20.000$.
Hurdles to overcome on the way up.

Note

The anticipated stock market crash clearly didn't happen yet...
I am still of the same opinion however and think that once the economy reopens and stimulus starts to diminish, further stock-growth will become unsustainable and a downturn inevitable. Gold and BTC will probably fall as well in that case so I will be looking to take profits once I see sings of fading lockdowns / stimulus ending in the coming months.
Everything is possible however in these crazy markets so I am open to change my opinion if needed.

svenso

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