From today till end of the year, I anticipate a bear trending run for BTC and recent news checks out: stimulus drying up, presidential elections, 2nd (or even 3rd) wave of covid19 restrictions, increasing defaults on loans, increasing loss of permanant employment. Until the majority of global nations take iron handed stance to curb the down spiraling economy, expect the bull trend to be months away from now.
From early 2021 till mid 2021, I anticipate a bull trending run, with simple assumptions that phoenixes are rising from the fires of the near inevitable bear runs. As businesses and governments wise up in tackling a 'new' world economy, the 'feel-good' factor would then kick in.
I'm not a financial advisor, and my charts are merely my interpretations of a market and based on things I know -- I do not know everything. I may be wrong or I may be right, but it's up to you to do further homework and research on the subjects I propose here. Thank you for your time.
From early 2021 till mid 2021, I anticipate a bull trending run, with simple assumptions that phoenixes are rising from the fires of the near inevitable bear runs. As businesses and governments wise up in tackling a 'new' world economy, the 'feel-good' factor would then kick in.
I'm not a financial advisor, and my charts are merely my interpretations of a market and based on things I know -- I do not know everything. I may be wrong or I may be right, but it's up to you to do further homework and research on the subjects I propose here. Thank you for your time.
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Looking back, BTC have proven me wrong as it gained from strength to strength. With every new chart pattern reveal, I get to understand its price actions better.
Check out my updated publish on BTC's short term - medium term movements that I anticipate as of 28th Oct 2020.
Check out my updated publish on BTC's short term - medium term movements that I anticipate as of 28th Oct 2020.