As you can see from this chart image, after a run up, we get a bad area for buying at high prices, which is followed by a scary dip which makes everyone think its the end days for crypto, then we get slow increases for weeks and finally the big pumps begin.
If we are to follow the same pattern of movement, we should see 70-80k by next year, and we see what happens next. Chart also shows how the price is playing tennis between the averages. This together with the MACD cross on weekly is making me pretty bullish here unless we fall below these major supports we are currently holding - if it happens i might even look to short it.
This chart is from Etoro, I made the drawings there so just pasted the image. It shows major big timeframe supports and resistances in case we go up or down.
If we are to follow the same pattern of movement, we should see 70-80k by next year, and we see what happens next. Chart also shows how the price is playing tennis between the averages. This together with the MACD cross on weekly is making me pretty bullish here unless we fall below these major supports we are currently holding - if it happens i might even look to short it.
This chart is from Etoro, I made the drawings there so just pasted the image. It shows major big timeframe supports and resistances in case we go up or down.
