On a purely technical game theory perspective, a BTC break out from right here, is too good to be true.
A boom in open interest has been seen after Wednesday's CPI numbers.
Everyone and their mother is expecting bitcoin to run hard, so who wouldn't open margin longs.
However, with 10Y spiking up, and US500 looking to correct its YTD record run over the past 2...
Here is honestly what I think will happen based off of numerology, astrology, full moon sightings, and overall trend.
Let me know what you think.
good luck
AB = CD process: takes swing high and lows, measures up with fib levels, and assumes d will be the last leg from the <50% retracement from b-->c
Also gap fills provide major conflence to this
other factors = confluence levels as well
so this meme is going to be as accurate as it will get folks.
GL
-GUIZE
No fancy indicators just some high TF levels , trends, and price action
I think we visit the 170-180 area before we reach the 300 area
Lets see
good luck
- tradersule
Expecting something like this for silver.
In tandem with Gold, I am bullish on precious metals.
Not sure the clearest path it will take, but I do intend to buy any pullbacks.
not financial advice
comment what you think :)
