when a chart speaks for itself, it says a million things depending on person and experience.
Would be good to get some views on how it will get there
narra-futs
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@abiraj05, Well, as long as it did not lose support, it makes new high. Nothing on the left to refer so i use projection price based on previous price action to see potentiel area to take some pt. But i expect btc to get way higher since it did not close below 30k
TradingTimer63
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@mathematics_, assuming this is post a fall first? I.e. the one happening ATM
Any views on where it can rebound off?
narra-futs
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@abiraj05, theses 3 areas, the higher is the best for a strong uptrend. Last one is a bit nasty and i wouldn't be too confident in the next weeks/months but we will see.
TradingTimer63
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@mathematics_, Agree with this, thankyou
We are In a very bullish market, greed meter is at max
I think you are absolutely right in the upper line however do to the crazy bullish nature, a lot of people prediction on buy lines have been off
I'm currently looking to buy back at $42000
If it is going to go anywhere above 50000 as we say, can safely ensure profit
Interesting though as the high you suggest is a fairly moderate prediction as opposed to the highs suggested by some others here (60000)
Do you believe 52000 is most likely outcome?
narra-futs
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@abiraj05, well it can go to 60k without retracing at my spot, im just taking some profit at 52, on lower time frame here is the two scenario i see
narra-futs
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@abiraj05, 45K was my target back when it was at 10k, and got higher one arround 130k so i dont really care about the other or greed meter, i only check the chart
TradingTimer63
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@mathematics_, yep fair enough, that's pretty good work thankyou
I think 52000 is conservative but I have no doubt you'll take profits with this and I think your analysis is very good
Would be good to get some views on how it will get there