BTCUSD: Potentially Setting Up A Move Higher

6 Şub 2021

Looks like this pair is setting up another impulse move higher — it is building momentum right below the ATH — the further it goes sideways here, the better it is for bullish continuation projection. If the time factor is scaled at the highlighted rate, and if this scale happens to be correct, the target area should be hit by 22 of March 2021.

If higher timeframes close above this key area, an immediate target would be the mid 60k area aka the 1500% increase point from Mar'20 low.

Staying tuned for further tells.