BTCUSD Buy range Q4 & target for 2022 Cup+Handle & Flat Top Tri
BTC appears to be forming a couple of nice patterns here. Flat top triangle & a nice cup & handle forming on the daily chart.
I have included the 1.618 extension of the fib retracement from the summer pullback, this puts us at 98-100k which would make sense considering a pullback at that psychological level would be very likely.
The bulls had a great run through out the start of October but the Chris Moody MACD strat & Stoch RSI is looking ready for a little correction. (Though there is still a false bar on RSI!)
I am expecting a brief pullback from our current ATH & will back up the truck around $53k for the last bit of the bull run. I will not be selling any BTC though as it could just smash right through ATH... Respect the king!
Comments/suggestions always welcome!
NOT FINANCIAL/INVESTMENT ADVICE, THESE ARE MY PERSONAL OPINIONS
I have included the 1.618 extension of the fib retracement from the summer pullback, this puts us at 98-100k which would make sense considering a pullback at that psychological level would be very likely.
The bulls had a great run through out the start of October but the Chris Moody MACD strat & Stoch RSI is looking ready for a little correction. (Though there is still a false bar on RSI!)
I am expecting a brief pullback from our current ATH & will back up the truck around $53k for the last bit of the bull run. I will not be selling any BTC though as it could just smash right through ATH... Respect the king!
Comments/suggestions always welcome!
NOT FINANCIAL/INVESTMENT ADVICE, THESE ARE MY PERSONAL OPINIONS
Comment:
She really is sailing along at the previous ATH. If we do see a downside I will resume buying at around $57/58k now :)
