Cycle
Gold at least 4 Bermuda Triangles found ..how abt you? ~70% of time market is choppy. Where most traders losing money.. Triangle is one of the deadly choppy market.. chop chop until we 're losing our mind & directions....
Bitcoin 2021 possible price targets leading up to $300k targetPlease excuse my colorful lines that are in between the Beam Bands. What you are seeing is a reflection of possible low and high target prices for Bitcoin going into 2021 based on the same type of channel for the 2017 bull run. These are merely speculative price points and should not be taken as accurate but if we base this on previous historical price points and the 4 year Bull cycle it could possibly fit into this narrative.
BTC next ATHIf we see a return to the channel, we can expect usual BTC volatility until the 2nd half of 2021. Which then the real show will begin imho.
Above the big resistance dating back Dec 2007!I find AMEX:FEZ has been fairly accurate with the cycle analysis. You can see this tracing back on the chart over weeks and it sits almost perfectly with each dip (i've marked major ones in a yellow circle on the cycle).
Feeling very good about FEZ also because the ETF crossed a major resistance which was the Big Red Line.
Big Red line: Dec 07 all time high. Re-tested this move during Feb 18, Feb 2020 before the big Covid dip
Next resistance:
Green dotted line: This tests the highs set on Apr 19, Jun 19, and Jan 2020. I strongly believe FEZ will retest this line close to Feb-Apr 2021 based on cycle analysis. Price Target: $44.78
IF FEZ crosses the Green dotted line, the next resistance is:
Blue dotted line: Traces the Highs tested Dec 09, Apr 11, Jun 14.
Realistically I don't think we will see that price until 2021 second half. Price target: $47
Please share your thoughts and hit the like button for support.
