BBTC/USDT is looking at breaking out of the neckline of the inverse head and shoulders located on the 4H time frame. The measurement of the neckline is 19.03% so I've used this measurement to gauge the potential movement of BTC to $79.664.
Keep in mind the last mega pump we saw was due to the same pattern playing out from
39K-$43k gifted us a 67% price increase to $73k. So I believe that $80k is a rather conservative figure, considering the massive pump we had last time.
This trade could take place over the next 30-40 days when we look at how long the last move took to complete.
I would seriously consider taking a look at an entry points between the prices of
65K-67k when unusual volume starts to enter the market with bullish confluences.
Peace & Prosperity
-Kaia Tait.
Keep in mind the last mega pump we saw was due to the same pattern playing out from
39K-$43k gifted us a 67% price increase to $73k. So I believe that $80k is a rather conservative figure, considering the massive pump we had last time. This trade could take place over the next 30-40 days when we look at how long the last move took to complete.
I would seriously consider taking a look at an entry points between the prices of
65K-67k when unusual volume starts to enter the market with bullish confluences. Peace & Prosperity
-Kaia Tait.
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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.