Bitcoin To $100k By May????

A $100k price target for Bitcoin by May is definitely not my target. That target was put out there by Su Zhu, the co-founder and CEO of fund management firm Three Arrows Capital. Now the logic makes sense if Gold price are going to continue moving higher over the long run and as Bitcoin eats into Gold's market cap, but $100k by May...WOW.

In this video, I talk about where Bitcoin prices are at now and realistically how much lower can we go.

https://dailyhodl.com/2021/02/25/three-arrows-capital-ceo-says-bitcoin-could-hit-2500000-in-supercycle-top-heres-why/#:~:text=Su%20Zhu%2C%20the%20co%2Dfounder,largest%20cryptocurrency%20by%20market%20cap.

MY TRADING METHODOLOGY IN A NUTSHELL BELOW

I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.