Encouraging price pattern but not totally in the clear. Any move below 41260 wud have me out. But pattern possible now could mimic move up Jul 20 – Aug 1, ~11 days, w 52,000 in sight
I’d expect at least that many days, 11-15 days (with some drop around 6 days).
We r in day 3 up now, and I’d expect minimum move up to ~52000 mid Oct, then a drop back of 40% of move up from Sept 29, then a really big but torturous move up to 65,000 early Nov, then a time consuming down/up/down/up/down in a 12,000-20,000 range, then a fast burst >~80,000.
That’s already a lot of speculation, albiet experienced. If sort of correct, I’d then expect a long drawn out wide-range consolidation, then more up, possibly big
Unless things change considerably I won’t need to post again for a few months. Benchmarks are here
Best wishes!!!!!!!!!!!!!!!!!
I’d expect at least that many days, 11-15 days (with some drop around 6 days).
We r in day 3 up now, and I’d expect minimum move up to ~52000 mid Oct, then a drop back of 40% of move up from Sept 29, then a really big but torturous move up to 65,000 early Nov, then a time consuming down/up/down/up/down in a 12,000-20,000 range, then a fast burst >~80,000.
That’s already a lot of speculation, albiet experienced. If sort of correct, I’d then expect a long drawn out wide-range consolidation, then more up, possibly big
Unless things change considerably I won’t need to post again for a few months. Benchmarks are here
Best wishes!!!!!!!!!!!!!!!!!
Note
I'm taking a partial profit 55,000 10.6.21Note
At 61,600, BTCUSD is approaching resistance. I'm taking partial profit at $61,500.
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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.