70k Soon
Nice to see INV HNS played out.
As you know, BTC broke ATH. The pattern was a cup and handle, with a tiny 3k’ish handle. The target for this pattern is 70k (between $68,000 and $72,200). This is just a guide, as we need to consider things like hyper inflation, fomo, and global news. So the target is simply a point of expected consolidation, not the end of the bull run, and possible that it won’t get hit (always), but I’m in and will continue to remain in.
Also, important to note, RSI has currently hit some big resistance at 75 (4hr) at the price of 62K, which could signify a pullback, but this is a best case scenario for people who want to enter (very hopefully, i.e. unlikely) between 56.8K to 58.5K, even 60k. It is possible as this bull break has been slow, and RSI is overbought and showing reversal divergence on the daily and 4hr, and through the roof on the Weekly (very bullish long term signal as there is no reversal divergence on the weekly, which means 100k very possible mid - long term). Also, price likes to be confirmed every step of the way and there is little price confirmation between 58K and 60K. Also large 4hr volume spike yesterday augnifinig a potential correction (medium signal)
So in summary, Bullish mid and long term, potential correction to high 50k, but I won’t trade it, I’d buy it, with fresh funds as I am confident in a continued Bull run.
Easiest way to destroy cash is to print more of it. That’s what the Reserve Banks are doing, creating hyperinflation to make your cash worthless. They are pumping cash into crypto, don’t be too proud to ignore this opportunity.
Unpopular belief:
They wanted digital, traceable currency that limits black market and forces tax payments on every transaction. Well here it is. The end of financial freedom. BTC was made by the Power that rule to perpetuate their financial dominance, not the other way around.
If you do or don’t agree. Tell me why.
It’s traceable, has little to no overheads, requires technological attachment thus continuing people’s addiction and connection to the internet, deflationary, solves debt issues, prevents black market and tax evasion and loans repayment achievability, becoming exponentially expensive which discourages new money entering the market, can be manipulated without any warning or reason or communication of intention to do so in advance... should I go on?
Personally, I don’t love or hate it, just find myself in a position to get with the times.
As you know, BTC broke ATH. The pattern was a cup and handle, with a tiny 3k’ish handle. The target for this pattern is 70k (between $68,000 and $72,200). This is just a guide, as we need to consider things like hyper inflation, fomo, and global news. So the target is simply a point of expected consolidation, not the end of the bull run, and possible that it won’t get hit (always), but I’m in and will continue to remain in.
Also, important to note, RSI has currently hit some big resistance at 75 (4hr) at the price of 62K, which could signify a pullback, but this is a best case scenario for people who want to enter (very hopefully, i.e. unlikely) between 56.8K to 58.5K, even 60k. It is possible as this bull break has been slow, and RSI is overbought and showing reversal divergence on the daily and 4hr, and through the roof on the Weekly (very bullish long term signal as there is no reversal divergence on the weekly, which means 100k very possible mid - long term). Also, price likes to be confirmed every step of the way and there is little price confirmation between 58K and 60K. Also large 4hr volume spike yesterday augnifinig a potential correction (medium signal)
So in summary, Bullish mid and long term, potential correction to high 50k, but I won’t trade it, I’d buy it, with fresh funds as I am confident in a continued Bull run.
Easiest way to destroy cash is to print more of it. That’s what the Reserve Banks are doing, creating hyperinflation to make your cash worthless. They are pumping cash into crypto, don’t be too proud to ignore this opportunity.
Unpopular belief:
They wanted digital, traceable currency that limits black market and forces tax payments on every transaction. Well here it is. The end of financial freedom. BTC was made by the Power that rule to perpetuate their financial dominance, not the other way around.
If you do or don’t agree. Tell me why.
It’s traceable, has little to no overheads, requires technological attachment thus continuing people’s addiction and connection to the internet, deflationary, solves debt issues, prevents black market and tax evasion and loans repayment achievability, becoming exponentially expensive which discourages new money entering the market, can be manipulated without any warning or reason or communication of intention to do so in advance... should I go on?
Personally, I don’t love or hate it, just find myself in a position to get with the times.
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