EACO Trace: Bitcoin projection at $ 1,000,000

19 thg 6, 2021

This is a logarithmic projection of Bitcoin against USD called "EACO Trace", for the next All Time High of BTC (1,000,000 USD), where the price in its history moves in a bullish channel and tests its extremes with parabolic movements that are cut by a common secant formed by a range between the two parallel yellow lines, a secant that serves as a great support that was only violated on 03/13/2020 by the COVID 19 effect and was recovered on 11/09/2020. At the moment we are bouncing off it and on the brown 55 EMA, where in the worst case the price would enter the yellow channel to continue its bullish movement guided by the parabola until a price indicated with the red spaced line, of 1,000 ,000 USD.