Simple Bitcoin analysis (Long Term) Higher no matter what?

24 Mar

Let's keep things simple on a daily since the chart patterns seem to make the most sense here. As you can see when Bitcoin formed a double top on the daily it was all downhill from there. Now it is forming a cup and handle pattern on the daily time frame - So it will most likely just be massively up from here. Don't say I didn't warn you that the TA should be kept simple when trying to guess long-term moving averages. Pay attention to the support line I drew. BTC will never go below this line. If it does I will delete my account.

30 Mar

Not

Higher

8 Nis

Not

Although this idea states higher no matter what, keep in mind that it is on the daily chart and meant to be "big picture" in the long term. My grey line range even shows the possibility of going back down to 48k before breaking back to the upside. Either way it will be bullish and still play out the cup and handle pattern.

16 Nis

Not

If you plan to hold long term don't panic, 58k is the bottom but even black swan ww3 lower still means 200k is on the horizon - cup and handle.

22 Nis

Not

we might have already bottomed

1 May

Not

sike...

18 May

Not

keep an eye out

23 May

Not

still on track

4 Haz

Not

right on schedule

12 Haz

Not

Bitcoin is preparing to complete this pattern in the next coming months

16 Haz

Not

yummy

19 Haz

Not

higher

7 Tem

Not

on track

5 Ağu

Not

maybe 35k is the lowest possible

29 Ağu

Not

You guys miss me?

6 Eyl

Not

Making a new chart today

11 Eyl

İşlem elle kapatılmış

recycling