The Weekly Overview of the Bitcoin Megabull Cycles

20 thg 12, 2020

Hello All,

Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.

It seems that some Tradingview moderator wiped out some of my previous 6-7 charts due to house rules so I will publish with straight to the point TA and analysis.

We have exceeded our bull ascending triangle target at $23,000 which means we are heading much higher. And I mean even much higher than my initial call of $25,000-27,000 after revising my charts:

I think Bitcoin is heading to $29,000-30,000 then we top there.
We are defining the new Megabull bull parallel channel for the next 12 months similar to a 2017 bull parallel channel in the Megabull. So at this moment, be patient and let the channel define its top and bottom!

In my opinion there will be a great buy/long opportunity on the pull back from $29000-33000 down to 23000-21000 in March to touch its bottom support of the channel them we run higher to $55,000-60,000.

Happy trading!
Carl M.

20 thg 12, 2020

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