Pump it UP!!! Time to say Adios to 25k (or lower)
Updated
Bitcoin attempting the breakout and a combination of factors tend to make me believe that this could finally be time to say 'Bye Bye' to 25k or lower for ever.
Can this be invalidated?
Yes it can if the price dips below support and ends up having renewed worries/selling pressure under 26500.
Chances?
I estimate a good 76% for a final breakout over 26820 today.
Next step?
28990 and eventually 31k for the big 'test'
Reasons?
1. Systemic risks (BTC is the best hedge)
2. ETFs incoming (they know 1. is valid)
3. Liquidity has been dried yet BTC stands
4. October on the way. Usually a good month after September (usually the worst month)
5. Halving mode is approaching
Am I sure?
Yes i feel sure but I am not always right
Can you laugh at me if the plan fails?
Not really cause i already took some profit, increased my positions, SL below 26500 in case of invalidation.
Will ALTS follow?
Not necessarily and not all of them. Will cover this in the next coming days broken down by 'scenarios'.
One Love,
The FXPROFESSOR 💙
PS. Check my previous posts..i cover so many different aspects there
Can this be invalidated?
Yes it can if the price dips below support and ends up having renewed worries/selling pressure under 26500.
Chances?
I estimate a good 76% for a final breakout over 26820 today.
Next step?
28990 and eventually 31k for the big 'test'
Reasons?
1. Systemic risks (BTC is the best hedge)
2. ETFs incoming (they know 1. is valid)
3. Liquidity has been dried yet BTC stands
4. October on the way. Usually a good month after September (usually the worst month)
5. Halving mode is approaching
Am I sure?
Yes i feel sure but I am not always right
Can you laugh at me if the plan fails?
Not really cause i already took some profit, increased my positions, SL below 26500 in case of invalidation.
Will ALTS follow?
Not necessarily and not all of them. Will cover this in the next coming days broken down by 'scenarios'.
One Love,
The FXPROFESSOR 💙
PS. Check my previous posts..i cover so many different aspects there
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