welcome back it's the 20th of november 2020. Friday is the freaking weekend it's the fifth day of the week. So have yourselves a great great great great great great weekend ahead of you watch a nice tv series watch start an anime if you have to right um my favorite anime is kind of old. My favorite animes are full alchemist brotherhood, cowboy bebop, naruto bleach, uh uh. The latest, the latest one that i just saw, which was uh last year, i think it's, actually called demon, slayer, uh, uh kimetsu, no yaiba, i think, is that's what it's called um tokyo gold, yeah yeah. These are all the enemies i've watched if you have yet to watch these anime movies and anime movie, not a series. It'S called your name, kimi no nawa you abso freaking literally, have to watch it. Kimi, no nawa. If you have never, if you've never watched it yet, please give me no now, please give it a look i'm, not sure if it's still available on netflix but uh, it is called your name kimi, no nawa, your name. Okay, where is it where's? The english poster uh yeah it's called your name. No, not this. Your name y o. U r, n a m e, your name kinino now yeah you have to have to have to have to have to have to watch this. If you've never watched this, even if you don't like anime, you still have to watch this your name.
This is uh, in my opinion, the best anime movie ever uh and so yeah anyway yeah i have a such a great weekend ahead of you. Yeah get something nice to eat. Alright um, we are at number one bitcoin with the ticker btc and bdc has been going on a rampage towards the upside um, and so you could tell from bitcoin dominance that bitcoin has been on a parabolic run, not exactly parabolic. Yet but uh things are already beginning to look very vertical right. Horizontal vertical things are already beginning to look very vertical for bitcoin. If i click the eye here here, you can see that things are beginning to look very vertical. The thing about this bitcoin run is that we still never really got any clear, uh any clear, um wave e, because we were waiting for a wave e to come right, a b c d. Apparently this was already the small little thing was really the e m palm. We end we, we ended up uh, going on a super parabolic run, and this was the final time to get uh uh uh get in bitcoin at four digits and now bitcoin is at eighteen, freaking thousand and uh. Everything is still very bullish. However, you must be so so careful, so so careful uh. If you look at the stochastic we are so so so so so so overbought on the rsi. We are so so so so overbought. If you look at the macd – oh my god, you can see nothing but mountains, mountain mountain, mountain, mountain, mountain, mountain, mountain and so the normal cycle of things is um, things uh go up and then they go back down and then you go up and then they Go back down and then they go up right right now.
Things are on the up up up up up up up uh yeah, i don't think it's a good idea to be betting, the entire house uh in bitcoin. At this point of time, i think eventually we will see some sort of a retracement. The only question we have is: when is the retracement going to come right um, you have to wait for a proper resistance, oh yeah, another thing is we had a target here and if you did take a trade for bitcoin, give me a high five. We hit the target here at 16 700. We got this target. We wan na see way back on the 5th of november, so there you go um. How am i going to do this uh where's, this 16 7? There you go yeah i'm, just gon na put it here, so yeah! Congratulations to you! If you did take a trade for bitcoin anyway uh. We think that uh bitcoin is going to rise up all the way towards about 26, seven, seven yeah somewhere around that level. Um we're going to assume that uh. This is the symmetrical triangle that has already popped up for um bitcoin against usd, and i don't think that bitcoin is going to break back under the uh symmetrical triangle. There is a possibility that bitcoin could uh revisit the support line. There is that possibility right uh we may go slightly higher and then palm it could reverse back down, hit the support line and then form some sort of a continuation here and then palm.
We could continue higher for bitcoin against usd absolutely freaking lonely, and this could be the case for bitcoin. The thing is that we're not entirely sure yet how um things are going to be when uh it retraces, but very likely there should be a retracement. Nothing goes up forever right, so uh, one, two, three four yeah. So if this were to be a impulsive wave towards the upside right, normally impulsive waves come in five right. So if this is a one right, uh one, this is a two. I think we're going up for a tree uh, i think uh wave four is going to be quite a deep one. Uh we might drop all the way back down to like sub 15. Sorry sub 15, 000, before we continue towards hitting 26 000 right. This could absolutely happen and after that uh again there could be another deep retrace. So the thing is that we're not entirely sure we don't have any clear um. We don't have any clear entries for going long. Yet right now you, you know, i highly highly highly highly discourage uh going long when things are overbought, because you just don't know when things might just start, reversing sure if you got it now at 18. 000. What if we rise up to close to sub uh 20 000, and after that, suddenly there was a big retrace that came right, you'll be stuck holding a bitcoin at 19 000. If you had waited for a proper correction first, then uh things would have been uh much better right, doesn't, really matter how high bitcoin is going to go.
Eventually, it will still correct. There will still be a retracement right uh. I think that the boo run uh will probably have already started for bitcoin, but uh. If you look over here way back into zero one, five, there was a proper retracement right and after that we had a accumulation period pump up again. There was a retracement before we continue higher retrace up retrace up. We trace up, we trace up yeah. There will always always be retracement, so you have to wait for it. I think, even if you do retrace it could be a very small one. Very small retracement uh, maybe to like washing sub 15 000 and after that, so we could be continuing higher for um bitcoin to think is we don't know exactly how much lower uh bitcoin is going to retrace if and when it does come, and we don't know How much higher things are going to go? All we know is that there are two targets we have to hit target number one. We still have a target over here right, 26. 000. We may not even have a retrace until we hit 26 000 first before we see any sort of a retracement, so be very, very, very careful about going into a trade too soon. All right, uh let's, check out last week's comments. Bitcoin is so close to our target. Bitcoin has hit our target um let's check out dove says when the video started.
I thought you had purple eyeshadow purple eyeshadow. What the background is the background. Bro um symmetry say it sounds about right time to get some popcorn. Yes, sir james says: does bhuran in 217 was five months. We are looking at five months: yeah, no that's the parabolic here. Did he go right? It'S a power boiling run it's the last part. The bull run lasted longer than five months. It started in way way way back in uh 2015, that was when the bull run started for bitcoin walter says, invest and accumulate more bdc before it hits twenty thousand uh twenty twenty thousand is a good deal. Investing now in crypto and gold is the best when you meet a good broker, and then ru says this is the power we post a whatsapp number or some scammer right, it's funny daniel says: do you think the adoption of paypal allows users to purchase sensory pumpy To 20k, yes very likely and yes, it's impossible to gauge this goes up as far something for draw i'm, not making a mistake. Yeah when you say this, i can really feel your formula. I can feel fomo in the air yeah so anyway, that will be healthy. Boo bat pull back yeah, so you have to be patient regardless of whatever price it goes. You have to be patient and you have to wait for a proper pullback right. So there you go that's my tick for bitcoin. Thank you very much for watching.