This is prediction i've got from my friend who working in Pantera Capital Trading Panel as a head of trading. So he calls 7300-7500 in Q1 of 2021 and 160k in Q3 of 2022. What's your thoughts guys? This is a W timeframe.
Charts never lie
so he expecting brutal dump after quick fakeout at 20700. me, personally agree with him bc all indicators are overheated and overall market sentiment is degen-bullish so why not
then whole 2021 is semi-bearish year of consolidating in range 11500-19900
then in Q1 2022 BOOM! clear breakout of 2022.
i can agree with him with that scenario, it will be more naturally than unstoppable blastoff from current price levels. and again, this will be first huge test of weakhands for all big boys like MicroStrategy, who bought BTC at range 12000-19000, so yeah
this green "buy zone" box is re-test of 2020s YO and plus re-test of previous maintrend line, perfect price action if it plays out
funny enough this is how i expect the markets to play out, i recently sold half my stack
i might miss out on a little run up to ~20k towards the eoy but that isn't going to faze me
early-mid 2021 is going to be somewhat quiet - this is where you should be accumulating
once 2022 excitement begins be ready to start selling off
u really think all these businesses who are coppying each other by throwing hundreds of milllions of dollars at bitcoin are gonna let it fall below 10k? civil war in usa maybe then it happen or total blackout
your "friend" is an absolute moron, did he ever hear about futures? He would be the richest person on earth if this had any chance of happening
They only care about the long-term price
Being underwater for less than a year won't even faze them
muuh but charts never lie yah?
yeap, this is what i think for
one year dip (-50% of drop) is just another one buy opportunity for them
its like wealth transferring from weakhands to stronghands