Money Man has not been posting BTC contributions lately as he has been doing as he said he would: If the price breaks the upside target, he will be shooting it in the back (follow by taking profits and increase of position size while keeping his average buy price outside of what he would see as an acceptable support retest). He sees that as between the 29 000 and 30 000 level now. If this knocks him out and then go on higher again; he would simply build his position again. The market has been generous, and he does not want to come across as greedy. Glass half-full and maybe even with a bigger bag because of lower prices. This would most probably not suit many traders, but he feels strongly about his levels on the chart and believe anybody would get some benefit out of considering them and what they would do if price gets there and what that would mean to their account.
Green Target 3 is brand new as it would make a lot of sense in confluence 😉, but Green Target 2 is simply for that double top threat or ascending triangle formation. Reg Targets are all very influenced by Fibonacci and previous decision levels.
Conclusion: Who knows what is to come out of this consolidation. It is a nice one, whispering a symmetrical triangle and a head-and-shoulders at once. It could keep playing this story painting game for a long time, but that is not very likely without at least some big candles within it. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further or simply add your voice and Please follow if you see this analysis thread going somewhere you would like to know about.
Green Target 3 is brand new as it would make a lot of sense in confluence 😉, but Green Target 2 is simply for that double top threat or ascending triangle formation. Reg Targets are all very influenced by Fibonacci and previous decision levels.
Conclusion: Who knows what is to come out of this consolidation. It is a nice one, whispering a symmetrical triangle and a head-and-shoulders at once. It could keep playing this story painting game for a long time, but that is not very likely without at least some big candles within it. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further or simply add your voice and Please follow if you see this analysis thread going somewhere you would like to know about.
Comment:
Previous BTC contribution
Comment:
Money Man does not have the time at the moment, but would now expand Green
Target 1, on this analysis, to include 39 200. Not saying we are definitely going there, and we do have some time, if so, but for those who are following this thread.
Target 1, on this analysis, to include 39 200. Not saying we are definitely going there, and we do have some time, if so, but for those who are following this thread.
Comment:
Next BTC contribution
