As predicted, BTC has crushed $50k resistance like it was nothing after testing the level a few times (my last idea linked below). Now we are in price discovery and pumping...
Why did we crush this key level?
Michael Saylor announced his company will buy another round of BTC worth $900 mil. This guy is not just bullish on BTC, he is FOMOing HARD on BTC... when you have BILLIONAIRES, FOMOing into BTC... you know this thing is real.
Listen to this podcast of him... BTC at $40 trillion market cap (or BTC at $2 mil)... no problem, all it takes is one or two billionaires with $150 or $300 billion in assets to wake up one morning and allocate 10% of their assets to BTC... then the snowball will roll... where will BTC stop? To the moon of course or maybe Mars now.
podcasts.apple....st/id1403202032?i=10005092...
So what does the chart tell us... WE ARE BULLISH. Incredibly bullish, this is not some news, this is PRICE ACTION. This is hard cash buying BTC, lots of it.
The indicators:
On daily we are bullish: MACD is expanding, RSI is pumping, STOCH RSI is crossing up... volume is up... bullish. On 4h, same story...
This is not where you sell, this is where you buy, hard. A good entry was the breakout from $50k. A good target is anywhere under $55k resistance. But you should ask yourself, should you *ever* sell BTC??? That will turn into regret very soon.
Let me rephrase that, people with hundreds of billions are BUYING Bitcoin hard, they are FOMOing into it... this bubble has not even started...
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
Why did we crush this key level?
Michael Saylor announced his company will buy another round of BTC worth $900 mil. This guy is not just bullish on BTC, he is FOMOing HARD on BTC... when you have BILLIONAIRES, FOMOing into BTC... you know this thing is real.
Listen to this podcast of him... BTC at $40 trillion market cap (or BTC at $2 mil)... no problem, all it takes is one or two billionaires with $150 or $300 billion in assets to wake up one morning and allocate 10% of their assets to BTC... then the snowball will roll... where will BTC stop? To the moon of course or maybe Mars now.
podcasts.apple....st/id1403202032?i=10005092...
So what does the chart tell us... WE ARE BULLISH. Incredibly bullish, this is not some news, this is PRICE ACTION. This is hard cash buying BTC, lots of it.
The indicators:
On daily we are bullish: MACD is expanding, RSI is pumping, STOCH RSI is crossing up... volume is up... bullish. On 4h, same story...
This is not where you sell, this is where you buy, hard. A good entry was the breakout from $50k. A good target is anywhere under $55k resistance. But you should ask yourself, should you *ever* sell BTC??? That will turn into regret very soon.
Let me rephrase that, people with hundreds of billions are BUYING Bitcoin hard, they are FOMOing into it... this bubble has not even started...
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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