Many have missed a trend line BTC has respected from the start of this bull cycle.
The first and Last week of April created two points on that trend line that were later also respected in August.
The recent consolidation has been far above my trendline, allowing for sideways coiling for months while still respecting the trend.
Decision time is here though. By the end of next week, the trend line as well as this descending triangle will meet.
The decreasing volume and break through RSI trendline are usually good indicators prior to move upwards.
I expect a shakeout downwards first though, typical of BTC, and RAPID bullish candle immediately after.
Get ready everyone, 14k, 16k, and then 20k are coming in these next few months.
The interesting part is where the funds come from.
There has been a clear inverse correlation between US markets and crypto (one up, other down)
The US stock market is currently in a massive rising wedge ready to pop (last post).
I believe the SPX will come down to 2100 as first stop by the end of the year.
Whales will not have their money sit on the sidelines. Here comes BTC.
The US recession and the biggest bull cycle in the history of an asset will occur simultaneously.
The first and Last week of April created two points on that trend line that were later also respected in August.
The recent consolidation has been far above my trendline, allowing for sideways coiling for months while still respecting the trend.
Decision time is here though. By the end of next week, the trend line as well as this descending triangle will meet.
The decreasing volume and break through RSI trendline are usually good indicators prior to move upwards.
I expect a shakeout downwards first though, typical of BTC, and RAPID bullish candle immediately after.
Get ready everyone, 14k, 16k, and then 20k are coming in these next few months.
The interesting part is where the funds come from.
There has been a clear inverse correlation between US markets and crypto (one up, other down)
The US stock market is currently in a massive rising wedge ready to pop (last post).
I believe the SPX will come down to 2100 as first stop by the end of the year.
Whales will not have their money sit on the sidelines. Here comes BTC.
The US recession and the biggest bull cycle in the history of an asset will occur simultaneously.
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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.
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.