Since last July, every 2 months like clockwork we have tested and bounced from the same channel lower line on the pitchfork, and the StochRSI always around 1.5. I don't see any reason we wont continue along the same path in the next few months. Still expecting new ATH over 20k in mid-late Feb. I believe we are still on the path of the arrows, however I drew some...
Just wanted to update this for a possible fakeout bounce to 17kish before a 12k retest and eventually doubling by the end of Feb. Expecting a reasonable rise this week with btc and crypto being the hot topic during holidays, question is if it holds during January or if history repeats itself and January continues to be a poor preforming month for btc. Either way...
Seems like everything is playing out as expected, albeit due to some new FUD from Korea. Still expecting new ATH sometime in mid-late FEB barring any more random FUD/attacks.
Really isn't much to see here or anything new. Have seen these dips through this whole run and Its about that time. Still may see one more panic dump to 8.5-9k going into the new year but we are right on track to continue what we have all year.
Few scenarios I see in the last few days leading up to the IGNIS snapshot, normal target of around 14ksats with the potential of super FOMO and shilling to 20ksats in the last 24-48hrs leading up to the snapshot.
Sorry for the eye sore but its the way I do things
Just a follow up to the other chart from the other day that has just about played out exactly to a T. Primed for the final push to 20ksats in the last 48hrs before the IGNIS snapshot. I expect a dip sub 12k then start the trek up.
Note, there is still a chance it gets rejected on a retest of 14k if it doesn't build enough momentum (or funny stuff with btc) but...
