Bitcoin to 300000$! It Is Possible - What You Need to Know!

Bitcoin 2012 - 2014 "Fibonaccied"

So, I took time to draw a Fibonacci retracement on the whole 2012 - 2014 move in order to see how these levels left their footprints on BTC's price action. As you can see, there are many times when we found support but also resistance at these levels. This whole peak to peak movement (2014 - 2018), happened with all the good, the bad and the ugly aspects in aprox. 1500 days (~4 years), with the price increasing from one peak to the other by 1600%.

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Bitcoin 2018 - 2022 "Fibonaccied"

If we apply the same strategy on this run, it will bring us to the (insane) price of 300000$ / Bitcoin. Isn't that something? Well, it quite optimistic. Such a high price for Bitcoin will of course be a treat for the banking systems, so rotten actions regarding centralizing or even banning crypto might happen, which will derail us from out natural trend.

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Bitcoin's Moving Averages Now and Then

• The first image indicates four main MA's (unfortunately I couldn't change their color to what I usually use) and how they affect the price. As we can see, we never closed candles below the 200 week MA (dark blue this time) and as soon as the 55 (blue) came close to the 200 and bounced off, the bullish trend begun. In this new bullish run we were riding along the 21w MA (yellow).
• In the second image I used me formidable MA PAINT skills to illustrate how the Averages might move from now on, based on 2014. Honestly, I believe that this new run will happen sooner and faster in comparison to 2014.
• If we combine this image with the one above (the 2018 "fibonaccied") we can see that 2022 could be pretty parabolic for the Crypto space.

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2014 - 2018 Comparison Update

Here's the current situation based on my initial post, dating three months back. Everything is going as expected for now, we're holding the 200w MA. I know I write about this in almost all my BTC posts, but I find it quite important. Also, beware of the 55 (blue) reaching the 100 (red) in ~1 week. This could lead to a bullish cross our a hard rejection. I'm 80% for the cross.

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BTC Adam and Eve Update

The first image is from 5 days ago, when I mentioned this Adam and Eve continuation. It turned out to be true. Let's see if we can break that resistance at 4100$. However, we have some flat tops there and the RSI is also unusually high for this times, so a brief correction to 3800 could happen.

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Big shout-out to @roy2016, @kabir88 and @thevillan for supporting me!

These are some of the exchanges I use:

_{You can support my work by registering via these links or donate to the ETH / BTC addresses below.
Any amount is highly appreciated!}

• Bitfinex - my most used exchange
• Binance - most popular exchange
• Kucoin - excellent exchange, rising in popularity
• Gate - for small cap / new coins
• Huobi - margin trading
• Coinexchange - big variety of coins
• Magic Dice - Feeling lucky? Gamble your money
• Freebitco.in - earn free Bitcoin & high prices - if you're lucky
• 0xe1347a6F7f44fdd6Ae8B2fA80E1c8e1e4a13C7a5 - If you wish to donate ETH / or ERC-20 tokens
• 19feKUFZ4XgYbFLQf4MA3B8RnmF5s98m53 - If you wish to donate BTC

Thank you!

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NEVER HAVE THE SAME PASSWORD TWICE!
SAVE THE PAGES TO YOUR BOOKMARKS, SO THAT YOU WON'T CLICK ON SCAM SITES! MANY GOT FOOLED AND LOST A LOT OF MONEY!

Thanks for reading and safe trading!✌

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