Long

BTC bullish till top of the longterm channel

Updated

BTC real parabolic price phase will depend on how fast it takes to breakout from the current bottom range of the price channel... I personally expect price to run very fast after a clear break up from this bottom channel... maybe even a long wick candle price retest of the bottom channel before making a run to the upper band of the channel and eventually marking a BTC cycle top... Im not sure the path Bitcoin will take in the short/medium term, but I will make sure to update this idea as we start making significant moves around the long term price channel of BTC.

Note

BTC having some expected volatility as it tries to enter the main channel again... if the price can close in the channel before end of the month, I expect the real parabolic phase to begin... if price gets rejected, we could be consolidating under the channel for some weeks/months before attempting another move into the main channel... marking the start of the BTC parabolic price move towards a likely cycle top

Note

Note

supercycle time? I think so...

youknowram

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.