- this is the culmination of a long thread of analysis that started with USDT D. clearly being in a distribution range but taking its sweet time consolidating before the eventual breakdown (which would imply crypto upside)
- during summer BTC has produced several rallies that were noise and did not lead to meaningful change of market structure - and btc/euro was the key signal in that regard
- as of today it looks like btc/euro has finally broken out which implies this Bitcoin move is real
- given how low monthly volatility is (comments), with the breakout now confirmed, I expect more or less vertical PA from now until the end of the year
- final target of this volatility burst is anywhere from 240 - 320k per Bitcoin
- during summer BTC has produced several rallies that were noise and did not lead to meaningful change of market structure - and btc/euro was the key signal in that regard
- as of today it looks like btc/euro has finally broken out which implies this Bitcoin move is real
- given how low monthly volatility is (comments), with the breakout now confirmed, I expect more or less vertical PA from now until the end of the year
- final target of this volatility burst is anywhere from 240 - 320k per Bitcoin
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.