At March 2020 low, wait for break above 136 and confirmation with break of channel 223 target by May 2023
The monthly candles are starting to line up one inside the other on the Monthly BTC charts.
Just to keep track of the momentum and because I made a analysis of it like 14 days ago.
The $SPX sell-off from September 2nd highs, created a consolidation range (orange rectangle) from $330-340 approximately. Making a measured move, with the consolidation constituting a half-way measuring flag structure (blue arrows). 100 exponential moving average is now the trend support, coincidental with June highs. Unfortunately, this is not a support trend...
I love the fact Tom DeMark gives strict and precise rules on how to determine his indicators and patterns. I have applied his rules for TD D-Waves (his own variation of Elliot Waves) to the actual BTC USD price action. To origin D-Wave 1 you need to have a 21 low bars close (a close less than all twenty prior closes), then the D-Wave is confirmed when you have a...
If we can break 7105 and then move through 7201we may get some upward pressure. Otherwise hold on to your hats.
I'm long to 7932 / stops will be placed. I think 8345 is not a bad place to pay attention. or not crazy pressure here could pop!!