The scenario is part of a multi-year Adam and Eve Structure.
I expect a local rejection at around the 29K mark (early October) with an aggressive pullback down to $FWB:21K to retest longterm support. This will draw ALTs back to their previous lows.
- Remaining Long until local double top at 29K - Short from 29K - weighting on Alts - $FWB:21K offers very good long opportunities as the market calls for $10k in fear of another drop
Best, Hard Forky
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Target still valid -
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Forming at a lower range. $27,600 rejection expected.
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Straight into $28k & the 200 DMA. Approach is adapting to latest information. Expecting a pull back the final push to $28,300
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Final target $28,700
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Market is settling. Expecting chop over next few weeks. Further ALT long entries possible for final run
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on target
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On track -
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Hit target, I suspect we might hit long target sooner than expected
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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.