Ideal entry point is below 40k (ETA: 2-3 weeks).
Target is then the 69% Fib level (69k) (ETA: 3-5 months).
1000 pip movement and TP.
Wait for sell-off to end.
Re-enter below 60k (ETA: Sept-Nov 2024).
Target is then the 127% Fib level (98-100k) within H2 2025.
To the moon!
Target is then the 69% Fib level (69k) (ETA: 3-5 months).
1000 pip movement and TP.
Wait for sell-off to end.
Re-enter below 60k (ETA: Sept-Nov 2024).
Target is then the 127% Fib level (98-100k) within H2 2025.
To the moon!
Comment:
1W Candle Reversal
Comment:
Approaching previous short-term high. Re-test soon.
Comment:
Trade going exactly as-predicted. First SL perfectly positioned.
Now looking for a time to re-enter.
Waiting on re-test of new 49k support.
SL @44.5K / 23.6% Fib level.
TP @58K / 50% Fib level.
Long-term TP remains 69k.
To the moon!
Now looking for a time to re-enter.
Waiting on re-test of new 49k support.
SL @44.5K / 23.6% Fib level.
TP @58K / 50% Fib level.
Long-term TP remains 69k.
To the moon!
Comment:
More detailed re-entry plan, according to new weekly bar reversal.
Predicting re-test and potential oversell below 49K, however the 1:1 gann fann level may act as a support. If not, expect previous trend line below 40K to act as support.
69K by April.
Predicting re-test and potential oversell below 49K, however the 1:1 gann fann level may act as a support. If not, expect previous trend line below 40K to act as support.
69K by April.
Trade closed: target reached:
Closing main trade 1k early. Performance has been beautiful. 29,000 USD worth of movement in just a few weeks. What a trade.
Excited to see further movements up to 100k later this year.
We may have to update the timeline - 100k by April??
Watch this space!
Excited to see further movements up to 100k later this year.
We may have to update the timeline - 100k by April??
Watch this space!
Comment:
3rd major retest incoming before potential sell-off of profits back down below 55k.
Hard to predict what effects the April halving will have.
Timeline: 4-6 weeks.
Re-enter below 60k and HODL till high 90s.
Timeline: 12-30 weeks (maybe faster with improved adoption).
Hard to predict what effects the April halving will have.
Timeline: 4-6 weeks.
Re-enter below 60k and HODL till high 90s.
Timeline: 12-30 weeks (maybe faster with improved adoption).