Presented without further comment than the charting shown. An extrapolation from my previous BTC chart, which played out almost perfectly. Let's see how far off this is.
A break past $71.4k on this current move, and up to at least $76.6k would cause me to raise my re-entry higher than where it is currently set (approx. $55.5k to $57.7k), but I don't think we get that far into the $70Ks without a retrace.
A break past $71.4k on this current move, and up to at least $76.6k would cause me to raise my re-entry higher than where it is currently set (approx. $55.5k to $57.7k), but I don't think we get that far into the $70Ks without a retrace.
Note
Started deviating in mid-November. Has broken down below my floor ($53k to 
54K), which is now acting as resistance. Monthly time frame is not encouraging, but could go either way. I doubt very much this goes below 
41K to 
42K, but if it does, we could be in for a crypto winter.Best guess: we still make a run at $100k, but on an extended timeline. Might be best to wait for a pump, cut this, and reassess.
Note
Now flirting with my former breakout level, we need to hodl here or risk a break deep into the $30Ks. If this breaks, I think we get at least one bounce on our way down to the low $30Ks, at which time I'd look for another bounce again.If $30K holds, we could see another run to $65K.
If $30K breaks, we are likely in store for Crypto Winter.
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.
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.