The Weekly Overview of the Bitcoin Megabull Cycles

Hello All,

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It seems that some Tradingview moderator wiped out some of my previous 6-7 charts due to house rules so I will publish with straight to the point TA and analysis.

We have exceeded our bull ascending triangle target at $23,000 which means we are heading much higher. And I mean even much higher than my initial call of $25,000-27,000 after revising my charts:

I think Bitcoin is heading to $29,000-30,000 then we top there.
We are defining the new Megabull bull parallel channel for the next 12 months similar to a 2017 bull parallel channel in the Megabull. So at this moment, be patient and let the channel define its top and bottom!

In my opinion there will be a great buy/long opportunity on the pull back from $29000-33000 down to 23000-21000 in March to touch its bottom support of the channel them we run higher to $55,000-60,000.

Happy trading!
Carl M.

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