MARA successful flip of longtime resistance to support on the daily, metrics look good for a run to challenge prev. ATHs in mid-$80s
similarities between circled areas (fractal is of the first circled area) recall that eth eip-1559 announcement was NOT a 'buy the rumor, sell the news' trade, and this may not be, either. Price moved up in the wake of that announcement, expecting the same to occur here, faking many out. The 1.618 fib is around $4.20, that is a rational price target if/when Eth...
look closely and you will see the fingers. next stage is extended fingers. Give it whatever name you like. clearly I have tried to sexualize it. I believe this next (fall) stage will be the fisting we all deserve
eth to btc should reach 35 before either establishing a new low or moving back upwards. We are in the prime of the alt season, money shifting from btc to eth, defi, bnb, yield farming, wider spread adoption of wrapped btc/eth to generate yields without selling....
assuming the same trajectory and length of the last runs, this is my projection for the rest of April. Historically April has seen multiple 30%+ pumps in bitcoin historically. I agree with spectators who believe Coinbase IPO on the 14th will coincide with an increase in the bitcoin price, which should begin moving upwards in advance of that event.
expecting substantial upward movement from current level, at support
Angles almost identical, so I think it is extremely likely we test the upper limit of this channel next, in the vicinity of 72k, by the end of March. Let me know what you think! PS: The angles depicted shifted somewhat when I uploaded this ... if you compare the angles of the three major pumps since October 2020, they are almost identical from low-to-high...
Chart is still tracking bitcoin ascent accurately. 57k tonight.
Short term prediction...
same chart as last week just cleaned up a bit. Same lines of resistance support, likely to bounce between these lines en route to 62k+, where the two channels converge. which will it choose? I predict the bright green (more bullish) channel, will eventually prevail, but perhaps not immediately...instead after a pull back from the point where these two channels...
I'm just a guy with a box of crayons and a dream.
BTC confirming bullish channel with dip to and bounce off of support. Path to 100k for 2021 looks good for medium term holders.