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Still could see huge capitulation as wave C of the correction seems negated but not out of play.
Facts:
- BTC closed its July monthly candle higher than any other close besides the blow off top at 20k area.
- Volume was good
- REKT city drop was a manipulated long squeeze due to moon boy leverage.
- TD 5 on the monthly (not the best TF but still the first in a while)
Id ideally like to see this test a little lower (box shown) but this monthly close is significant. Lets build the launch pad?
Next target is local high around 14k with a long (1-2 month consolidation) then ATH in November/December as traders chase yield moving into EOY as retail and airlines sink.
Facts:
- BTC closed its July monthly candle higher than any other close besides the blow off top at 20k area.
- Volume was good
- REKT city drop was a manipulated long squeeze due to moon boy leverage.
- TD 5 on the monthly (not the best TF but still the first in a while)
Id ideally like to see this test a little lower (box shown) but this monthly close is significant. Lets build the launch pad?
Next target is local high around 14k with a long (1-2 month consolidation) then ATH in November/December as traders chase yield moving into EOY as retail and airlines sink.
Comment:
Fun when it works out. I was way wrong on retailand airline stocks tho.