RE: RE: Bitcoin’s Whiplash Bear Trap
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RE: Bitcoin’s Whiplash Bear Trap

RE: Bitcoin’s Whiplash Bear Trap

Click here to zoom my update:










(click to zoom to source)

Sold LTC for BTC. Looks like LTC/USD may rally to $70 and LTC/BTC to 0.0071, thus BTC/USD to $9800 within a week. Seems to be more or less following the projected price movements I had sketched weeks ago as annotated on the linked charts.

GRS/BTC has underperformed and sliding into my worst case scenario. It lags and then when LTC peaks, then there may be some rotation of speculation into GRS. How low will GRS/BTC decline before it rockets up?

BTC/USD appears to have broken up out of the flag declining channel correction, which it had been in since the $13.9k peak is in since late June 2019. This is incredibly bullish if true as annotated on my chart, with an assault on$13.9k likely in February or March. Resistance could become support and a retest of confluence of support around $8k is possible, possibly after a lurch up to $9.8k. The highest overhead resistance line (which served as the $13.9k resistance) is now ~$25k and rising to ~32k in April.

Another way of annotating as shown in one of my charts above is a bullish wedge still intact with the apex closing in first week of March. This scenario means a retest of support between $7k and $8k is plausible in February. And the topmost overhead resistance will be ~$40k by the end of April.


UPDATE: I’m favoring the following interpretation of BTC/USD with a dip back below $8k before breakout of wedge/flag:


(click to zoom)

Also appears to me LTC/BTC will decline to 0.0600.063 range, then surge in February/March to ~0.095. I still think there will be a surge of GRS/BTC to ~0.000030.00004. Thus a 50 – 100% gain in BTC in these altcoins remaining on next surge. At that point, I would want to be entirely out of altcoins until after the May 14 halving at least, with the possible exception of BSV.

Regarding the posited SegWit donations attack at the May 14 halving event, Craig Wright claims to have received access to the ~1 million BTC Tulip Trust funds:

https://beincrypto.com/bitcoin-craig-wrights-courier/

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