Encouraging price pattern but not totally in the clear. Any move below 41260 wud have me out. But pattern possible now could mimic move up Jul 20 – Aug 1, ~11 days, w 52,000 in sight
I’d expect at least that many days, 11-15 days (with some drop around 6 days).
We r in day 3 up now, and I’d expect minimum move up to ~52000 mid Oct, then a drop back of 40% of move up from Sept 29, then a really big but torturous move up to 65,000 early Nov, then a time consuming down/up/down/up/down in a 12,000-20,000 range, then a fast burst >~80,000.
That’s already a lot of speculation, albiet experienced. If sort of correct, I’d then expect a long drawn out wide-range consolidation, then more up, possibly big
Unless things change considerably I won’t need to post again for a few months. Benchmarks are here
Best wishes!!!!!!!!!!!!!!!!!
I’d expect at least that many days, 11-15 days (with some drop around 6 days).
We r in day 3 up now, and I’d expect minimum move up to ~52000 mid Oct, then a drop back of 40% of move up from Sept 29, then a really big but torturous move up to 65,000 early Nov, then a time consuming down/up/down/up/down in a 12,000-20,000 range, then a fast burst >~80,000.
That’s already a lot of speculation, albiet experienced. If sort of correct, I’d then expect a long drawn out wide-range consolidation, then more up, possibly big
Unless things change considerably I won’t need to post again for a few months. Benchmarks are here
Best wishes!!!!!!!!!!!!!!!!!
Comment:
I'm taking a partial profit 55,000 10.6.21
Comment:
At 61,600, BTCUSD is approaching resistance. I'm taking partial profit at $61,500.