If you are reading this.... Congratulations, you don't have lettuce hands.
One thing we take seriously here @ WEDC is the basis in which our charts are formed {Triangles} and the level of importance we place on them. As you should already know they can go both ways, but in this idea we are going to only focus on the positive. We will also take a look at why this type of price action is good for not just BTC, but this entire industry.
If this is the coming of our 2nd pump ...... If S2F is correct and we are just experiencing a slight deviation to accommodate the elongated cycle theory.... Or even better, If this whole show was just to pull us back into the 1.68 golden ratio achieved in previous bull runs....
If this is all true, not only will this triangle erupt to the upside, it will reach its first extension target with fury. COINBASE:BTCUSD
WEDC
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We have inched out of this triangle by a hair..... But let's not celebrate early. Do not pop the champagne just yet, lets verify todays retest before we go psychotically long.
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and that's that.... Please buckle up, this ride is going to be fierce.
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Just a friendly reminder that the 42 range should be visited again just to load up on supplies and get ready for the trip ;)
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50K is a psychological level but the bears don't have enough volume to turn up..... UP WE GO
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Please reference above post from AUG 17, 2021 before moving forward;
We touched $42,830.77 yesterday.... Hope you got enough supplies.
I don't need to say anything else.
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marching forward and Phil is leading the pack.... Support was held with great strength.
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New ATH is not a surprise, but actually a confirmation of what is coming in the near future {60-90 days}.... I asked for this.
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Yes we hit the new ATH. Yes we pulled back. Are you surprised? If yes please sell me your BTC.
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The PJ theory will be studied in trading books for years to come. I will be casually reading responses from my beach chair.
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Phil J. has historically been a supreme figure known for performing when it really counts most...... This idea is now sitting on support....
The choice is yours....
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4 days later and we flirt on a thin line..... I trust Phil.
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Michael took a year off...... we might be doing the same.
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1 month in crypto feels like a year on the mind and body.... Phil is back.
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if you are still here then you know how to play ball. Sometimes these things take time, and even though you cannot buy time directly, you can always buy things to occupy your time until the target hits. If you didn't already know, this target will hit.