Taking note of the possible next levels

16 Agu 2020

BTCUSDT

It's been awhile since I've done a solid chart on BTC
I've been a longtime believer in this asset, hold some long term plus a separate active trading account.

Things are beautifully heating up. It's been a strange year for Bitcoin (but isn't it always?)
The crash in March was painful to experience in the moment, watching that Flash Crash. But it created a lucrative opportunity to buy-in at an 'on sale' price before the Halving.

Considering factors such as breaking out of a long term resistance, moving past the Halving, and institutional money not only coming in heavy, but advocating for Bitcoin as well- all help confirm
this market as Bullish for my portfolio.
I try not to look too long and hard into the Crystal Ball with Bitcoin. I love how well TA applies on Crypto charts so well, but that said I like to Keep It Simple.
While the volatility may scare some, it's always comforting knowing that if you sit tight, the bounce back will eventually reward you.

This chart just shows some simple points I'm marked based on simple long and mid term support/resistance points that were mapped out using Fib. retracement & Gann fan tools.
Thinking possible correct to areas around ~10,500, but also wouldn't be surprised to see u just run straight up towards the lower ~13000's

What does everyone feel about reaching the ATH? When will we get there, how much resistance will we run into along the way, and where do you think it'll end?
I'm a fan of the S2F model suggestions of ~70k by Fall 2021

We shall see.

Happy Trading!