BTC is about to hit 6 month trend resistence.
If this breaks we are turning the pace up on this exponential move and by definition what you would expect.
However, the trend, the approach to $3k and previous behaviour around psychological levels would suggest we need to consolodate and take profit before caryring on.
This is certainly my prefered choice... sustainable growth will help us attract a wider pool of investors in the long term rather than hugely volitile moves.
Fingers crossed for a sensible ascending triangle and not a patobolic boom bust.
My ultimate target for the year assuming no catostophic event around UASF in August remains at $4k.
If this breaks we are turning the pace up on this exponential move and by definition what you would expect.
However, the trend, the approach to $3k and previous behaviour around psychological levels would suggest we need to consolodate and take profit before caryring on.
This is certainly my prefered choice... sustainable growth will help us attract a wider pool of investors in the long term rather than hugely volitile moves.
Fingers crossed for a sensible ascending triangle and not a patobolic boom bust.
My ultimate target for the year assuming no catostophic event around UASF in August remains at $4k.
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GET MY INDICATORS; www.decentrader.com/?ref=51
Follow on Twitter @filbfilb
