THE DEC 16, 2020 LONG GREEN DAILY CANDLE FOR $BTCUSD IS A BEAUTIFUL THING. IT HAS WICKED UP TO $21,700, AND SHOULD CLOSE AROUND $21,400.
THIS ALL BUT GUARANTEES AN END OF YEAR BITCOIN VALUE ABOVE $20K, WHICH BEATS MY PREVIOUS EOY PREDICTION OF $16K.
THIS WILL HAVE SOME PULLBACK BUT WILL BE OVERCOME BY NEW INSTITUTIONAL BUYERS, MORE WIDESPREAD FOMO, AND MONEY...
I PUT AVAILABLE TAXED MONEY INTO MY BTCUSD (CRYPTO) PORTFOLIO, BUT STILL WANTED TO ADD MORE PRE-TAX MONEY INTO BITCOIN. I LOOKED INTO BITCOIN IRA, AND OTHERS, AND DECIDED AGAINST THEM. SINCE I HAD SEVERAL IRAS, I DECIDED TO BUY GBTC IN ONE OF THOSE. I GOT VERY LUCKY GUESSING PULLBACK LEVELS AND BOUGHT MORE ON TWO DIPS BELOW 19,000 BITCOIN. ONE VERY LOW LIMIT...
OPTIONS MULTIPLY YOUR PERCENT GAIN OVER THE UNDERLYING STOCK PRICE PERCENT GAIN. THIS REWARDING CALL OPTION TRADE ON TSLA YIELDED 217 PERCENT GAIN, WHEN THE UNDERLYING STOCK ONLY GAINED 42%. TESLA BEING SELECTED FOR INCLUSION INTO THE SP500 HELPED TO HAVE CONFIDENCE IN HOLDING THE TRADE A BIT LONGER AS IT WAFFLED. :))
BITCOIN is back in the channel, and currently dancing on the $13,800 level which was the 2019 high. I predicted $16,000 for Jan 2021 but it could be $20,000.
$BTCUSD has broken thru resistance at $12,000 and is currently at $12,370.
If it stays ABOVE the green trend line, it will enter 2021 ABOVE $16,000.
Happy New Year!
Ethereum is pounding against $400USD, six times.
This consolidation should flip the resistance level into support soon, and take Bitcoin with it to the moon!
