where a breakout will happen with a very high probability:
1. The daily MA200
The daily MA200 keeps climbing slowly. In the last cases where the bullmarket started, every time BTC price hit the daily MA200 again at some point. They converge slowly
and then the BTC price touches the MA200. From the current rise velocity of the MA200, we can assume that the convergence might happen in November.
2. The weekly bbands
The weekly bbands are narrowing more and more, and the price hasn't even touched the middle weekly bband yet. However, historically, 2012 and 2015/16, the middle bband has both
times been touched. And this by the way happens at a very similar time with the covergence of the daily MA200. This also points to November as the time where the BTC rally will
So the weekly bbands and the daily MA200 both point to a covergence in November.
We probably will then see a strong breakout.
Note also the monthly picture. We have this time a very similar situation as in 2012 and 2015/16 also on the monthly chart:
This also points towards the end of the year for our good old pump continuation.
It appears that we might have to find some other hobbies until then XD
It's funny that everyone is expecting huge moves, I always see charts with giant arrows upwards or downwards. But BTC needs to rest a bit before the next huge moves :)