BTC in the long run?

4 juin 2020

Just a graph I found among my numerous BTC projections. I think I made it somewhere last year, and so far behavior seems to sort of "fit". I don't think that highlighted januari 21 zone is actually going to some big decisive moment for BTC (at least not at projected value), but I like seeing how these ideas pan out months later when hitting that little play button :D
If BTC drops in short term, I am confident it will stay in this depicted pattern. I have a feeling it might break out upwards though, possibly come back down to revisit it over the coming months, and then perhaps stabilize/slowly go up. Let's see how things go!

23 juil. 2020

Note

Hm, seems to be wedging out of the triangle, but not convincingly so. I somewhat expect a violent downturn to stay within the triangle, although I hope not. Either way I suspect we will see some strong movement in the upcoming week.

31 juil. 2020

Note

wedged out and jumped up to overhead resistance at 11000. If it manages to hold above, next target would be 13000-14000. We're in oversold currently (RSI at 80), so I reckon a corrective pullback is in place. Either that or a period of consolidation (which strikes me as more likely at this point). Over time we might see a retest of 8000 before the real bull rally begins. It seems to soon for that to happen already, but at any rate, the current move up seems a pretty significant break from the lower highs BTC was trapped in.

5 août 2020

Note

extending some lines, BTC is currently in rising wedge (from which it could break down from at some point). There is some buyers exhaustion notable in RSI and MACD, so expect sideways or downwards movement. If I'd put money on it, it would be on sideways for a while, at least while within the wedge.
Trying to insert image:

11 août 2020

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