Hello Traders!
We see BTC break down from our channel, only to re-enter and test our VAH of 24345
Normally I would have invalidated this channel due to the large deviation from the beginning of Feb.
However, most alts have done this type of movement, by returning to its ascending trend, only to reach much higher targets.
We must keep in mind there is a gap from June 10, 2022 which is not only our 2.618 FE BUT may also reach the top of our ascending price channel. :)
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Comment:
Hey Fam,
I wanted to give an update on the CMe futures chart.
It seems BTC is consolidating within a symmetrical triangle.
Inching closer to its apex, as volume is getting lower and lower.
What we may see occur?
A possible break down from our formation, Swing-failure pattern, before continuing our way to the upside.
I wanted to give an update on the CMe futures chart.
It seems BTC is consolidating within a symmetrical triangle.
Inching closer to its apex, as volume is getting lower and lower.
What we may see occur?
A possible break down from our formation, Swing-failure pattern, before continuing our way to the upside.
Comment:
ENTRY 24600
TARGET 1: 25210.97000
TARGET 2: 25690.61000
TARGET 3: 26027.50000
TARGET 4: 26364.39000
TARGET 5: 26781.22000
TARGET 6: 27455.00000
STOPLOSS: 23555
Use 2-3% Max of Funds Only