Quick BTC update 06.01.2020

in HODL2 months ago

Trade setup spotted in BTC and it started just now...

I take these kind of setups any day of the week because the pattern is solid.
Stoploss needs to be at 33590 and can soon be moved to 34150. Target 37000 - 38000.

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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...

Have a nice day :-)

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Nice. The millon dolar question: Regarding the bull cycle, do you think the previous flash correction was it, or after ATH 39+- there is a big a-b-c of 30%+- consolidation?

In my opinion there are many 10-30% corrections yet to come, but this is far from the top. The top will occur anywhere between 300k and 1M [S2FX model] (timeframe: between August 2021 - March 2022).
Bitcoin at 300k could kill the $ and € by the way... Who will accept worthless paper money then? Many smart people will only accept BTC as payment by then. The asset hyperinflation will become evident. People will buy anything to save their purchasing power. Gold, stonks, art, collectibles and of course BITCOIN.
So this year will be fucking crazy.