BitcoinLong
Bitcoin bullish idea V3.0 (Daily Candles)
This is an updated chart of my bullish idea with daily candles. In this version I added some more levels which are also parallel.
All green curves are parallel in this idea. I don't like the descending curve approach because that would mean central banks are somehow going to stop the ponzi scheme they are trapped in, and therefore they will stop printing, which seems unreallistic to me. In the other hand this idea accepts the fact that central banks will continue printing at a faster pace if needed. For instance they will introduce the Universal Basic Income or whatever they need to pump everything up.
Yellow crosses represent the intersection between last ATH and HALVING DAYS
Hope you like my idea and my way of thinking.
All green curves are parallel in this idea. I don't like the descending curve approach because that would mean central banks are somehow going to stop the ponzi scheme they are trapped in, and therefore they will stop printing, which seems unreallistic to me. In the other hand this idea accepts the fact that central banks will continue printing at a faster pace if needed. For instance they will introduce the Universal Basic Income or whatever they need to pump everything up.
Yellow crosses represent the intersection between last ATH and HALVING DAYS
Hope you like my idea and my way of thinking.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.