PennyBags is back from his enlightenment trip in Singapore and is ready to give you the low down on the Bitcoin Market.
The bull is in full affect here on the 1D chart and has been since April 28th (the day price crossed the 200 Day SMA circled in red on the chart). This cross has been a strong trend indicator in the past as you can see on the chart, signaling both bear and bull market changes. With that said, we are at the stage in this bull market just prior to the first light blue extension back in June 2019 on the chart, where over 4 days we saw a +21% expansion upward. I am expecting much of the same here, with massive volatility to follow afterward before consolidating prior to the next major expansion upward.
I expect this bull market to carry into 2021 as Bitcoin adoption continues to come into demand as our financial system gets reset. You will no longer spend or save money like you did in the past. Buy Bitcoin and forget the rest.
- PennyBag
The bull is in full affect here on the 1D chart and has been since April 28th (the day price crossed the 200 Day SMA circled in red on the chart). This cross has been a strong trend indicator in the past as you can see on the chart, signaling both bear and bull market changes. With that said, we are at the stage in this bull market just prior to the first light blue extension back in June 2019 on the chart, where over 4 days we saw a +21% expansion upward. I am expecting much of the same here, with massive volatility to follow afterward before consolidating prior to the next major expansion upward.
I expect this bull market to carry into 2021 as Bitcoin adoption continues to come into demand as our financial system gets reset. You will no longer spend or save money like you did in the past. Buy Bitcoin and forget the rest.
- PennyBag
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Closing out this thread as it printed out exactly to plan. Thanks for playing here.
- PennyBag
- PennyBag