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I don't trade anymore I just akumulate and im a total idiot so take this with a grain of salt; more for fun than anything.

Cup and Handle:

373 days to bottom out from 69k high to $15.5k low.

Then 473 to complete the cup on March 3rd.

Estimate 473/2 = 236 days to complete the handle.

Estimate completing handle March 3rd + 236 = October 25th 2024.

Peak-to-trough $53.5k drop now add peak $69k=

Estimated new high $122.5k

Estimated date October 25th 2024 + 373 days peak-to-trough = Nov 2nd 2025.

Everyone thinks it's gonna pop and happen fast so it wont.

Just for fun..won't. I'm totally correct... and if you don't agree your a total idiot... but just for fun... you know?

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Discussion

Jason the Original 1y ago

Handel is a descending broadening wedge. Bullish consolidation pattern. Pattern will break mid to late October 2024. Target + $122k around November 2025.

Your welcome.

Jason the Original 1y ago

Still like 15 October to complete the pattern. Good luck akumalate'n

Jason the Original 1y ago

Ticktic ktickticktick.

Jason the Original 1y ago

Tick tick tick tick.

Jason the Original 1y ago

Think we flirt with $68k today. Close above it tomorrow. Then Lil consolidation flirt with and break ATH by end of week to some time next week. Then the fun begins. Blue sky break out with rate cuts taking effect. President shit wrapping up. Equity markets blue sky break out along side bitcoin to keep the normies and nominees flush and looking for new places to diversify their gains. First bull run with ETFs and big money on ramps. More huge institutions gaining the ability to buy btc with due diligence wrapping up since etf launches early this year.

I think everyone is bearish. This is the cycle that the diminishing gains hypothesis is proven incorrect. People will start to realize the money is on fire and there is only one exit.

Adoption of Bitcoin is not optional. It is not iphone vs. andriod. It is gunpowder vs. No gunpowder. Nations adopted gunpowder or they no longer exsist. Everyone, every entity adopts bitcoin or they will no longer financially exist.

Bitcoin is financial gunpowder.

Thank you Saifedean. What a beautiful analogy. Great for opening no-coiner eyes.

Jason the Original 1y ago

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Thank you for this analogy. I remember it in one of your books but listen to them while driving through the night and forgot to write it down and it slipped out of the mental rolodex. Someone posted a clip of you talking about it a few days ago. 🔥🔥🔥🔥🔥

Jason the Original 1y ago

No weekly close above this top line of the 3 year long cup and handle. $66k pretty much on the nose. Daily close above it starts to tell a story. Weekly close above it I think the handle is broken and we break higher in a hurry. Then grind up to 125k in or around March.

Jason the Original 1y ago

Get ready for big 💥💣🤯

Jason the Original 1y ago

ATH by 945 this morning!