The curve, or “slow catch” has managed to start climbing up the opposite side. The stock market correlation still seems intact, but we see some build-up around a pattern for BTC. The pattern is weak as it is comparatively small, and in the middle of a decision zone so is not giving much away as to where to the move would likely be. But, the big but (drawing attention to this now) is that a move could lead to some knock on effects. Money Man’s thinking is that the black “decision boxes” can be put back on the chart because of this. Targets on the upside are still stationary and Target 1 would be very pleasing as it would not take much to reach. His downside Target 1 could be a formality now and, if having to pick, it would be Target 2, still because of the downtrend from 20 000. Target 3 would be over-performing in his opinion.
Is this the end of the curve? Money Man would love to put down that radio and do something else.
The Forecast: There is a chance again that we will see some decisions made at the decision boxes and continuation has again become a possibility.
Most important: please leave a like if you appreciate this, comment and add some noise (it can get quiet in a vacuum) and follow if you think this might lead somewhere.
Is this the end of the curve? Money Man would love to put down that radio and do something else.
The Forecast: There is a chance again that we will see some decisions made at the decision boxes and continuation has again become a possibility.
Most important: please leave a like if you appreciate this, comment and add some noise (it can get quiet in a vacuum) and follow if you think this might lead somewhere.
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My previous contribution
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An ed idea
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It all looks good and I will try to sit down and "plot" again soon.
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My next forecast:
