Sunday Prep 10/10 - $BTC Everything Looks Good on Crypto Space
Everything looks well intact, we got straight through that 53k level without any real challenge at all. Even when it did rollback, it retested that level and held. I think the next logical area is gonna be 59k to 60k. 60k is gonna be a large psychological level, after that we have ATHs. Everything looks good on the crypto space, keep watching for when we have pullbacks if we start to put in the higher lows or do we actually come lower on some levels. I really can’t help but just always admire the way the crypto space obeys technical levels so well.
One thing that I keep looking at is how bullish the weekly chart looks if we start getting back over ATHs. People that are scoffing at the idea of a push to 100k may look silly if they can’t put their egos aside and realize that it might be a possibility. If you chop these bigger numbers down to more easily digestible numbers, you realize that it would be no different than a $6 stock going to $10. It’s still a big move, but it definitely isn’t unfathomable. But keep in mind, that isn’t the kind of move I expect to happen overnight either. It would most likely be a long process.
One thing that I keep looking at is how bullish the weekly chart looks if we start getting back over ATHs. People that are scoffing at the idea of a push to 100k may look silly if they can’t put their egos aside and realize that it might be a possibility. If you chop these bigger numbers down to more easily digestible numbers, you realize that it would be no different than a $6 stock going to $10. It’s still a big move, but it definitely isn’t unfathomable. But keep in mind, that isn’t the kind of move I expect to happen overnight either. It would most likely be a long process.
