Sometimes all we really need to do is zoom out

When looking at a bitcoin monthly chart, it becomes all the more clear where we are eventually going.

The daily chart can look rough sometimes, but if you zoom out a bit, the monthly chart looks like it was always setup to continue the rally.

Doesn't it?

(Source: https://twitter.com/Tradermayne/status/1288582560692355072/photo/1)

Based on that chart setup, it looks like bitcoin is going to at least $15k in the near term.

And by near term I mean the next couple months, because remember we are dealing with monthly candles here.

Anyways, the moral of my post is this:

If in doubt, zoom out!

Posted Using LeoFinance