I think BTC might have found it’s bottom in a extremely strong weekly OB, but it’s still possible it could follow the MACD strategy. The weekly did close with a nice pin bar and is sitting on the BBs but I would have liked to see the following candles close above the weekly pivot another extremely strong resistance, I would love to see turn to support. Looks like it’s rejected off the pivot and sending us back into the week OB. Depending on what the next few weekly candle closes are like I’ll reassess. If we get sent back into the weekly OB violently I’m thinking the MACD strategy could play out. In this case the 3rd touch will most likely line up with the bottom trend line triangle around 5000/4800 mark around February this will be my bottom and I’ll look to go long buy spot etc.. Now by the time of the halving I think BTC could either touch the top trend line triangle $8571 BTC loves triangles lol could possibly reject send us back to that OB and bottom trend or could flip to support then I think could be a clear run to 12k around October. If we break the next OB at 14k then moon possibly ATH and beyond.
Hope this makes sense lol I think the hardest part of this game is trusting what you see and not listening to others. BWTFDIK
Hope this makes sense lol I think the hardest part of this game is trusting what you see and not listening to others. BWTFDIK