BTC 2021 Bull Market Outlook - A technical Perspective
Hi all. I am new to Reddit but not new to Bitcoin and analyzing the BTC market. Outlining my thoughts on navigating this bull market for some of the new users to understand what we can POTENTIALLY expect over the next year. I AM NOT A FINANCIAL ADVISOR, JUST A GUY SITTING ON HIS COMPUTER IN THE BASEMENT. THIS IS FOR ENTERTAINMENT PURPOSES ONLY AND SHOULD NOT BE TAKEN AS FINANCIAL ADVICE. I ALSO LOST ALL MY BITCOIN PRIVATE KEYS IN A TRAGIC BOATING ACCIDENT. CEST LA VIE. When looking at the current bitcoin bull cycle we are in I find it's helpful to understand what previous bull cycles look like to determine what we might be in for over the coming months. The last couple days have seen a pump due to some prominent individuals who are advertising bitcoin. We have retraced all those gains and i think this is A VERY GOOD THING. You see this ELON candle saw a lot of weak hands get long, likely over-leveraged and most probably lost money as they were liquidated on the way down. A ...