14/50 ema cross end of October. Forced by resistance at $53k. Slow fight
Lowering expectations for ARB. Seems that this level for ARB is correct when $46k BTC. Historically ARB has traded here when BTC was at $46k, with one time being much higher. Would suggest that BTC reaching previous ATH would put ARB at around £2, not reaching historical highs. Of course other factors could trigger a better return on ARB from here.
Looks so familiar, but this resistance level is tougher to break at the neckline compared to the previous.
50 is going to come down quite sharply over the coming 2 weeks. Will be interesting to see how trading interacts with it.
Classic parabolic curve step formation. But flags have paid to date. In theory we double from base 3 flag.
What if, like other indexes and tech stocks, BTC is priced in ahead of time. That going forwards halving is being priced in sooner. SP2 model is very popular. But I can't help wonder that we could be ahead of schedule now and that this correction is telling us that.That we retest 42 from here and get rejected, then a slow bleed to mid 20s. Then instead of a peak 2...
Should to return to either, or both, previous climbing velocity or longer trend velocity if on route to new ATH. Previous Velocity would requite 17 days average minimum.
Does this 4th return to 50 EMA on daily confirm 4th base?
0.5 fib from here with historical retracement velocity, back to major trend line takes us to $60
Trending the same as previous retracements back to long term trend line. Would find 0.5 there for bounce as per previous retraces also.