Trade active: As you can see, compared to initial projections and updates (previous publications), we are right on track. This is a bigger picture look from the original. Looks like $32 - $34K by November 2021. However, a buying frenzy may ensue north of $20K which would allow for reaching target sooner. Some resistance at this level of $16K could see a test of...
As you can see, compared to initial projections and updates (previous publications), we are right on track. This is a bigger picture look from the original. Looks like $32 - $34K by November 2021. However, a buying frenzy may ensue north of $20K which would allow for reaching target sooner.
The series of snapshots from month to month clearly show BTC seeking higher ground with healthy retests of support and resistance. This progress has been earnestly in play since April 2020.
The Eighteen month target remains at $32-34K which represents 1.618 Fibo projection and operating withing current price channels.
Ongoing price discovery in a somewhat tighter range seeking channel & Gartley definition for a larger, more dynamic move upwards. Next layer will test resistance at 10K for an advance up to 14K test and demonstration of Price Action. Look at the chart on a weekly basis to see this layered section's build-out.
BTC Price Action Projection for the next 18 months based on support and resistance within a market geometry framework. Price target also results in a 1.618 extension of BTC's all time high and base.
