While we wait for BTC to complete the wedge pattern, all we can do is provide possibilities for outcomes.
I see this pattern as a giant bull flag (like other patterns in Outter Space chart below).
This would imply we are in the end of the consolidation area, tip of the wedge.
My opinion is to dollar cost average (DCA) in the current price down to previous lows of $6400.
I am keeping dry powder in the event we dip down to pink log support around $6100.
The lower we go the quicker it gets bought up.
Using previous fractal based on 10WeekMA position related to price, we may have until end January to buy dips.
Based on last halving's we should price increase into the May 2020 halving.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC, NFLX (temporary)
I see this pattern as a giant bull flag (like other patterns in Outter Space chart below).
This would imply we are in the end of the consolidation area, tip of the wedge.
My opinion is to dollar cost average (DCA) in the current price down to previous lows of $6400.
I am keeping dry powder in the event we dip down to pink log support around $6100.
The lower we go the quicker it gets bought up.
Using previous fractal based on 10WeekMA position related to price, we may have until end January to buy dips.
Based on last halving's we should price increase into the May 2020 halving.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long BTCUSD, GBTC, NFLX (temporary)