Bullisch symmetrical triangle
On the weekly chart i notice a bullish symetrical triangle and BTC is holding the 200 WMA nicely. Normally the breakout will occur in the direction of the existing trend which clearly is upwards.
I also studied the stock to flow chart you can watch here: digitalik.net/btc/
I think it wil last almost 700 days to reach the all time high after 22.05.20 where the stock to flow value 10days will go to 88.409 as a result of the halving.
This could mean we can reach a 100.000 USD by ap. the end of April 2022 ?
Days STF 10 d
0 18/03/2011 STF 10D 1,66
141 6/08/2011 highest : 22,21 factor 13,3795
20/12/2012 STF 10D 203,09
359 14/12/2013 highest : 1.146,00 factor 5,6428 (2,3711)
30/07/2016 STF 10D 7.691,89
505 17/12/2017 highest : 19.065,71 2,4787 (2,2765)
22/05/2020 STF 10D 88.409,00
707 29/04/2022 highest : 100.786,26 1,1400 (2,1743)
I also studied the stock to flow chart you can watch here: digitalik.net/btc/
I think it wil last almost 700 days to reach the all time high after 22.05.20 where the stock to flow value 10days will go to 88.409 as a result of the halving.
This could mean we can reach a 100.000 USD by ap. the end of April 2022 ?
Days STF 10 d
0 18/03/2011 STF 10D 1,66
141 6/08/2011 highest : 22,21 factor 13,3795
20/12/2012 STF 10D 203,09
359 14/12/2013 highest : 1.146,00 factor 5,6428 (2,3711)
30/07/2016 STF 10D 7.691,89
505 17/12/2017 highest : 19.065,71 2,4787 (2,2765)
22/05/2020 STF 10D 88.409,00
707 29/04/2022 highest : 100.786,26 1,1400 (2,1743)
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