I'm seeing BTC finish its move up to 53k before correcting back to the 50ema.
Note
This correction definitely came quick. I'll be looking for some consolidation here before continuing upNote
consolidation looking good. Finally broke previous days high after a liquidity grab yesterday. Lets see if it breaks 20ema and surges back upNote
Breaking above 20ema and consolidation range todayNote
while my sentiment hasnt chaned, this idea is now invalidNote
The initial drop was correct, but I believe US Market Uncertainty pushed BTC to fall towards its 200d ema. If BTC climbs above 53k, I think we could see new ATH. But that also depends on US Debt Ceiling at the moment.
My Prediction: US waits until last minute to raise debt ceiling. Equities and crypto will see another pull back before Oct. 18. Then big push up on both as Debt Ceiling gets raised.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.