BTC Ramped Move to $96K
With wars raging in the middle and eastern Europe, Governments are constantly devaluing their civilians' purchasing power. The King of Crypto, with gold, seems to be a place of refuge from the increasing inflation.
We have seen a sideways acclamation over the past 144 days, with a stop run below 52,500 handle to shake out the weak hands. Price rejected these prices and moved strongly back into the range. I believe this to be a wave 4 move, with wave about the develop.
The RSI holding above 40 which is the bottom of a bullish trend. 144 days is significant timing for those Gann traders. My target is 96K calculated using fib extension and confirmed by Gann square of nine.
The CBIdx indicator is holding above 40 with a small bullish divergence appearing. We Should see ramped movement to the upside in the coming week.
We have seen a sideways acclamation over the past 144 days, with a stop run below 52,500 handle to shake out the weak hands. Price rejected these prices and moved strongly back into the range. I believe this to be a wave 4 move, with wave about the develop.
The RSI holding above 40 which is the bottom of a bullish trend. 144 days is significant timing for those Gann traders. My target is 96K calculated using fib extension and confirmed by Gann square of nine.
The CBIdx indicator is holding above 40 with a small bullish divergence appearing. We Should see ramped movement to the upside in the coming week.
Time is the only true currency...how will you spend yours and what value will you receive?
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