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!!!!!!!!!!!!!!!!!
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I'm taking a partial profit 55,000 10.6.21
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At 61,600, BTCUSD is approaching resistance. I'm taking partial profit at $61,500.
Thx Norma, you can't go broke taking partial profits, or can you... oh well, happy trading!
nicker
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@rookie007, lol. it is easy to go broke taking partial profits, but harder if they are 20% as here, and are pulled at resistance. It will be interesting to see if the seasonally strong stocks can lift the whole mkt as stashed money is deployed, or whether seasonally later commodities can, or if BTC is independent
rookie007
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thx Norma, I have tried to overlay BTC and DXY in TVC and it isn't looking so good, I'll try it again when the markets are open sometimes that makes a diff in TVC