Bitcoin Porn and The Perfect Set Up... $BTC #BITCOIN
Chart 1 - The Perfect Wedge.
If you use classic charting techniques, it gives you a price target of around $40,000...but 1/2
Chart 1 - The Perfect Wedge.
If you use classic charting techniques, it gives you a price target of around $40,000...but 1/2
Chart 2 - The Perfect Wedge on a Log Chart
Well, that gives you a price object for this run potentially (key word - potentially) of $1m.
Well, that gives you a price object for this run potentially (key word - potentially) of $1m.
Chart 3 - The Perfect Regression Channel
That gives a 1 standard deviation move to $400,000 and a 2 standard potential to $1m (potential).
That gives a 1 standard deviation move to $400,000 and a 2 standard potential to $1m (potential).
Whatever plays out, after a KEY technical break like today, the probability of vastly higher prices has risen dramatically.
And this is confirmed by the stock to flow models by @100trillionUSD and the breakout has happened almost exactly at The Halvening.
And this is confirmed by the stock to flow models by @100trillionUSD and the breakout has happened almost exactly at The Halvening.
Add to that the ENTIRE worlds central banks are either seeing their currencies collapse to the almighty dollar (BRL, TRY, ARG, etc) or they are printing money like CRAZY.
HUGE quantitative easing fiat meets the hardest money that automatically quantitatively tightens. $BTC wins.
HUGE quantitative easing fiat meets the hardest money that automatically quantitatively tightens. $BTC wins.
This is the one of the best set ups in any asset class I've ever witnessed...technical, fundamental, flow of funds and plumbing. All. Now.
Again, to be clear, even if it has 90% odds, doesn't mean its definitely going to work...I can and will be wrong...often and dramatically.
Again, to be clear, even if it has 90% odds, doesn't mean its definitely going to work...I can and will be wrong...often and dramatically.
Good luck.
Expect HORRIFIC volatility (both up and down) but you cant make 5x 10X 100x returns without large drawdowns so be CAREFUL how much you put in.
It always feels like you have too little until it doesn't and then you wish you didn't have so much!
Expect HORRIFIC volatility (both up and down) but you cant make 5x 10X 100x returns without large drawdowns so be CAREFUL how much you put in.
It always feels like you have too little until it doesn't and then you wish you didn't have so much!
