BITCOIN BULLS ARE PREPARING
Last Week was Bullish
Hopefully this week will be BULLISH too.
I am looking @ BUYING @ 38K with Stops below 28K and target back above 45K and potentially back to 50 region again.
I have some SHARK PATTERNS to support my Bias with a 88.6% deeper rejection of all our current consolidation patterns.
Then we have some OrderBlocks that manages to break 3 4hours previous Highs which is a BULLISH Break of Structure. And once that has occured then you know from experience going back up above 45k will be easy cheezy.
If my Bias above is right I will hold the firm believe that we can see a much more higher prices to BITCOIN to 92K which is very ambitious target and also I was researching the Thermocap Multiple which is Dividing Bitcoin price and cumulative miner reward yields the so called Thermocap Multiple and I found out that the BULL RUNS of bitcoin can effectively goes to 151k for the BULL CYCLE.The question is not if we are going to get there but when and the world can be crazy within a decade to ultimately put BITCOIN price close to 70K per bitcoin and therefore I see much upside potential for BTC.
Hopefully this week will be BULLISH too.
I am looking @ BUYING @ 38K with Stops below 28K and target back above 45K and potentially back to 50 region again.
I have some SHARK PATTERNS to support my Bias with a 88.6% deeper rejection of all our current consolidation patterns.
Then we have some OrderBlocks that manages to break 3 4hours previous Highs which is a BULLISH Break of Structure. And once that has occured then you know from experience going back up above 45k will be easy cheezy.
If my Bias above is right I will hold the firm believe that we can see a much more higher prices to BITCOIN to 92K which is very ambitious target and also I was researching the Thermocap Multiple which is Dividing Bitcoin price and cumulative miner reward yields the so called Thermocap Multiple and I found out that the BULL RUNS of bitcoin can effectively goes to 151k for the BULL CYCLE.The question is not if we are going to get there but when and the world can be crazy within a decade to ultimately put BITCOIN price close to 70K per bitcoin and therefore I see much upside potential for BTC.
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