mcdaverage

mcdaverage Updated 

Inverse HNS in progress.

mcdaverage

Inverse HNS confirmed with a successful retest of the neckline. FIrst TP at 1.618 FIB, and Final TP at 2.0. 2x-5x if alt season starts.

mcdaverage Updated 

Thank you monk for the catch on conv.

mcdaverage

Valid as long as we don't lose the Cup and Handle neckline. Price may zig and zag between Supply Zone (purple) and neckline, good opportunity to build big longs. Good luck!

mcdaverage

Let's see if the 21d EMA holds, if it does, breakout!

mcdaverage

Inverse HNS in progress.

mcdaverage Updated 

Broke weekly high resistance, last time that happened, we had a parabolic move up. Fundamentals are solid - and a lot of scientists are long AR.

mcdaverage

Money will flow back into BTC if BTC.D breaks out of the descending triangle bottom. Alts are fine if we have multi-months consolidation within the triangle. We have broken out of the resistance within the triangle, if it retested as support - alts will be in trouble.

mcdaverage

All we have to do is claim the mid-band ($53k) of the log growth curve as support to test the top of the band. Oct and Nov candle close remain crucial, rejection could mean, we test the bottom of the band.

mcdaverage

Bull Flag breakout (confirmed) plus Cup and Handle (unconfirmed) puts TP at $84.7k exactly.

mcdaverage

Retail, in general, has not come back. Most would buy at $20k, $30k or if BTC makes a new ATH. Stock2Flow points bullish but also emphasized that we've never had a cycle like this in the past. October generally has a "final" dip. How low? LTF trend says up, but Up Only? I'd hedge. A lot of questions, but what do you think? (A), (B) or (C)?

mcdaverage

The timeline's a bit off but these are key levels to watch out for.

mcdaverage

October historically has had a cleansing dump before Nov's bull run. - Rejection at previous high to take out liquidity in the golden pocket, forming inverse H&S is very likely. - Golden pocket is also Weekly and Monthly Opens. Chart attached. Thank you for your time.

mcdaverage

Bullrun resumes. >$66k by end of Uptober.

mcdaverage

BTC seems to have broken out of the descending triangle to the upside, retested the downward trendline with bulls successfully defending it. I'm looking at $49k-50k test over the weekend. Could be a relief rally before the final leg down, who knows. Always risk-managed, if we lose $40k on D and W, a potential dump to $17k is quite likely.

mcdaverage

Bulls are attempting to break out off the descending RSI wedge. PiCycle's 111MA is holding as support as of now. A claim of the $44k zone as support can lead to further upside, testing overhead resistance at $52k. A failure to breakout can lead to a completion of the descending triangle, to test lower support at the $38k zone. Who will win in the end?...

mcdaverage

Preparing for worst-case scenario, I present the permabear case. Descending triangle forming on daily. (72.93% hitrate) according to Samurai Academy. Breakout of the triangle would also break the HNS (83.04% hitrate) neckline with a ~$33k final target. Please leave a like/comment if you enjoy my analysis.

mcdaverage

BTC likely to just be rangebound over the next couple of weeks creating a fake triangle. Shave off some profit at key daily Resistance and Support to mitigate traps.