Merry Christmas Everyone! and hope 2021 will be the best of luck!
I want to thank each and every one of you for supporting me this year, and I promise to keep pushing forward...
If you like the idea, do not forget to support with a like and follow.
This Christmas pattern is just for fun but at the same time may be relevant to the current situation.
Will history repeat itself this Christmas. Let's see how it goes!
As per my last Bitcoin video analysis, I mentioned that price is approaching a strong round number 25k so we will be looking for sell setups. but that doesn't mean that we should sell now, we will be looking for sell setups on lower timeframes, with extra confirmation and trigger. (or whatever suits your trading plan)
@admin, Thank you so much! You made my day! Merry Christmas to you and your beloved ones. It is an honor to have an admin / moderator here. It means a lot to me.
Totalfreedom1
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that was the bull cycle top(2017) , in Xmas 2020 we are just at the start of the bull run. your chart is cute but the forecast is wrong. retracements are possible on the way up of course and will happen. Bitcoin will probably be worth between 50 k and 320 k by the end of 2021. 100 k and over is very likely
TheSignalyst
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@luca1973 right, let's see how it goes, from my perspective, it has to break above the 25k aggressively for the bulls to take control again, then yes, as you mentioned a longterm bullish movement would be expected.
Thank you for your valuable comment
Totalfreedom1
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@TheSignalyst, yes my comment was definitely related to medium long term. the crash in 2018(finalized in dec 2018) was a deep long term one (bear market) as it has happened in the past too( when it touched the bottom jan 2015 or so for example). thanks for your response
TheSignalyst
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@luca1973 and it makes perfect sense 👌 thank you for taking the time to share your thought 🙌 again, Merry Christmas 🎄