$BTCUSD weekly chart
Notes on the chart.
The lows are about 15 months apart and the highs about 18 months apart.
Scenario shown on the chart. If this plays out, we should see much higher prices end of this year, possibly touching previous highs, before rolling over into mid-2021.
From mid-2021 to mid-2022 should see a big move to my $26,000 target.
Strategy: Long Bitcoin here and hold until end of the year, then exit position, looking to re-enter again long in mid-2021, and hold for 12 months into mid-2022.
This cycle analysis can also be applied to other tokens such as ETH and XRP, where the % gains could well exceed those of BTC. XRP in particular has huge upside potential as its coming off a low base.
Spock 😉
