BTC continuation of a bull trend until the end of the year 2021
OK first things first. This is definitely not a bear market. USD fundamentals, BTC fundamentals and onchain analysis has proven we are in the middle of the trend not the end of it.
The local mid-year top was made with a wyckoff distribution which wasn't common thing for BTC in previous bull market cycles post-halving making me believe what happened in June-July was nothing but Wyckoff reaccumulation on a record low ultra-bearish sentiment by retail investors. BTC loves to repeat patterns hence wyckoff reaccumulation is priority idea for me since we got confirmed distribution in May.
The latter retest of 38.000 was a confirmation that BTC got out of this reaccumulation range meaning BTC is most likely off to the races for a Phase E into a second half of a 2021 bull market. Targets are above 100.000 per BTC most likely in between 150.000 and 250.000 by the end of the year.
Good luck everyone.
The local mid-year top was made with a wyckoff distribution which wasn't common thing for BTC in previous bull market cycles post-halving making me believe what happened in June-July was nothing but Wyckoff reaccumulation on a record low ultra-bearish sentiment by retail investors. BTC loves to repeat patterns hence wyckoff reaccumulation is priority idea for me since we got confirmed distribution in May.
The latter retest of 38.000 was a confirmation that BTC got out of this reaccumulation range meaning BTC is most likely off to the races for a Phase E into a second half of a 2021 bull market. Targets are above 100.000 per BTC most likely in between 150.000 and 250.000 by the end of the year.
Good luck everyone.
Trade active:
Moneyprinter go brrrrr
Moneyprinter go brrrrr
Trade active:
Strong confirmation of an idea above with help of daily Ichimoku, anything above 47k is full bull.
Strong confirmation of an idea above with help of daily Ichimoku, anything above 47k is full bull.
Trade active:
First daily close below 47k isn't looking fantastic nor very bad. Be very careful here with market and risky trades and wait if it goes back to close above 48k again.
Comment:
BTC 2D is still very bullish, but it's range is so tight and 44k zone is very important that sitting out for some time looks reasonable. I'm still bullish for this market mid-long term. BTC has to go back above 48k and never come back, preferably close daily there
Trade active:
Back above 48k, looks like this was a shakeout. Trade and idea still active. 47k support zone is still important. Good luck everyone.
Comment:
yeah whatever no more updates on this cancer price action. watch 47k and daily closes that's all I can add here
Trade active:
after a very deep correction in September and a retest of a July accumulation range high trend continues with a very strong new impulse. If BTC closes October anywhere above 50k targets around 150k by the end of the year are still in play.