BTC appears to be forming a couple of nice patterns here. Flat top triangle & a nice cup & handle forming on the daily chart.
I have included the 1.618 extension of the fib retracement from the summer pullback, this puts us at 98-100k which would make sense considering a pullback at that psychological level would be very likely.
The bulls had a great run through out the start of October but the Chris Moody MACD strat & Stoch RSI is looking ready for a little correction. (Though there is still a false bar on RSI!)
I am expecting a brief pullback from our current ATH & will back up the truck around $53k for the last bit of the bull run. I will not be selling any BTC though as it could just smash right through ATH... Respect the king!
Comments/suggestions always welcome!
NOT FINANCIAL/INVESTMENT ADVICE, THESE ARE MY PERSONAL OPINIONS
I have included the 1.618 extension of the fib retracement from the summer pullback, this puts us at 98-100k which would make sense considering a pullback at that psychological level would be very likely.
The bulls had a great run through out the start of October but the Chris Moody MACD strat & Stoch RSI is looking ready for a little correction. (Though there is still a false bar on RSI!)
I am expecting a brief pullback from our current ATH & will back up the truck around $53k for the last bit of the bull run. I will not be selling any BTC though as it could just smash right through ATH... Respect the king!
Comments/suggestions always welcome!
NOT FINANCIAL/INVESTMENT ADVICE, THESE ARE MY PERSONAL OPINIONS
Note
She really is sailing along at the previous ATH. If we do see a downside I will resume buying at around $57/58k now :)
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Disclaimer
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.