BitcoinAlış
BTC Direction T-Minus 41days *max*
Güncellendi
Hello everyone! It's been a while since my last update.
I made a post about BTC making a major move soon, and I believe it's about to happen in late september/mid october most probably.
I didnt expect the steep correction we had from 8.5k (purple) all the way down to 6k (green line), however we did stay pretty range bound after as i was expecting no calls for 4-5k :D.
I'm still leaning bullish here as it seems that a rally might slowly be materializing.
It pretty much comes down whether BTC can break above the decending red channel and move above 7.6-8k once more.
This will certainly increase the likelyhood of a rally.
I would be extremly surprised to see BTC test those levels again and get rejected the way we did last push from the very bottom.
As we can see there is still a small gap to cross over from the current price to out of the decending channel. (Depends a lot on how the price moves over time).
My guess is that we will creep out of it in a side-way movement and explode up around late sept/early october.
If we were to get rejected again, i'll buy the bear narrative, and BTC could continue it's journey into the bear abyss below the horizontal support of 6k.
The're are lot of intersecting patterns in the whole picture right now but i think BTC is painting a pretty awesome story here. I'm gonna make a bold statment that I expect BTC to be at least 9k by 12th of October, don't take my word for it but i see something taking shape here (visionary bull flag). >>I also see a second test of 6.7k before it happens.<<
The decision will be made inside the purple box, and if BTC manages to cross over the descending red slope.
Hope you enjoyed ~
And good luck :)
I made a post about BTC making a major move soon, and I believe it's about to happen in late september/mid october most probably.
I didnt expect the steep correction we had from 8.5k (purple) all the way down to 6k (green line), however we did stay pretty range bound after as i was expecting no calls for 4-5k :D.
I'm still leaning bullish here as it seems that a rally might slowly be materializing.
It pretty much comes down whether BTC can break above the decending red channel and move above 7.6-8k once more.
This will certainly increase the likelyhood of a rally.
I would be extremly surprised to see BTC test those levels again and get rejected the way we did last push from the very bottom.
As we can see there is still a small gap to cross over from the current price to out of the decending channel. (Depends a lot on how the price moves over time).
My guess is that we will creep out of it in a side-way movement and explode up around late sept/early october.
If we were to get rejected again, i'll buy the bear narrative, and BTC could continue it's journey into the bear abyss below the horizontal support of 6k.
The're are lot of intersecting patterns in the whole picture right now but i think BTC is painting a pretty awesome story here. I'm gonna make a bold statment that I expect BTC to be at least 9k by 12th of October, don't take my word for it but i see something taking shape here (visionary bull flag). >>I also see a second test of 6.7k before it happens.<<
The decision will be made inside the purple box, and if BTC manages to cross over the descending red slope.
Hope you enjoyed ~
And good luck :)
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Correction came as expected, looking for extensive test of the support here before opening a position BTC bredd to hold 6200-6300.Not
Looks like BTC has found support just above the horizontal support of 6150, it went lower than I expected again. This translates to that we have created three consecutive higher lows since 28/6.Not
This might support a rally further than 8500 this time around.stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:triple_bottom_reversal
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In the grand scheme of things.Not
BTC looks quite ready too :) Let's seeNot
Feragatname
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