Hello, now we have got our massive move like said last TA. Which atm within the next 24hrs we should suspect another massive move. Target is just shy of the 8196 and here is why.
Now looking at BTC chart on Friday it ended in Red, yet something else didn't....GBTC ended in the Green. Weird. What is GBTC? Well unlike normal commerical investors, investors only have GBTC unless they have enough capital to do futures, which most don't. When you buy GBTC, they buy Bitcoin on your behalve. They do have GEth or something, but that value is $80, so I think that one is full of shit.
Now if we take the spike tip to where it closed Friday it was up 3%+, which if we compare it to BTC would give BTC just shy of 8196, pretty dam close to our target before havling. Sad news is I can't trade futures after May 19 due to bybit and US IP address. Not sure if we can use VPN. IMO BTC should be traded in the forex market, which I do have a broker that lets me do it. I think I use their money instead of mine...its how they get around it.
Now the chart you see is an accending wedge patter, with a bullish MACD crossover and just shy above the middle ground of the RSI. Again its low volume, but you have a higher chance of going long ATM. After target is it, I will close and reevaluate the future. With the idea we are going to be going into deflation instead of inflation it is a mystery on what the miners break even price would be. If we don't experience deflation and we continue normal that technically 7-8k is the new 3-4k.
Now I'm gonna make a bold prediction. If halving plays out like it did for the past couple times. I will set a target price of 100k-200k by 2021, but theres some factors that isn't priced in like the US election.
Now looking at BTC chart on Friday it ended in Red, yet something else didn't....GBTC ended in the Green. Weird. What is GBTC? Well unlike normal commerical investors, investors only have GBTC unless they have enough capital to do futures, which most don't. When you buy GBTC, they buy Bitcoin on your behalve. They do have GEth or something, but that value is $80, so I think that one is full of shit.
Now if we take the spike tip to where it closed Friday it was up 3%+, which if we compare it to BTC would give BTC just shy of 8196, pretty dam close to our target before havling. Sad news is I can't trade futures after May 19 due to bybit and US IP address. Not sure if we can use VPN. IMO BTC should be traded in the forex market, which I do have a broker that lets me do it. I think I use their money instead of mine...its how they get around it.
Now the chart you see is an accending wedge patter, with a bullish MACD crossover and just shy above the middle ground of the RSI. Again its low volume, but you have a higher chance of going long ATM. After target is it, I will close and reevaluate the future. With the idea we are going to be going into deflation instead of inflation it is a mystery on what the miners break even price would be. If we don't experience deflation and we continue normal that technically 7-8k is the new 3-4k.
Now I'm gonna make a bold prediction. If halving plays out like it did for the past couple times. I will set a target price of 100k-200k by 2021, but theres some factors that isn't priced in like the US election.
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If anyone wanted to know the broker its tradersway. I think its up to 50x on btc and they ofter others with smaller leverage. you can deposit crypto and withdraw in crypto. Its only traded during normal Forex hours and you are playing against the market makers of the brokers.
