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I'm already actively trading this. The dollar is going to go down (for obvious reasons IMO and people will be scrambling for a places to put their money. Gold and silver look like they are going to trade sideways for a bit so that plus the T.A tells me to expect a massive rip to the upside possibly to create a second shoulder...
I chose the weekly but the daily...
The momentum is strong right now I called this area as being very emotional because of Elon Musks purchase. I'v been long since 30 k (chart in related ideas) and I think we got a lot more to the upside.
Check out my other 2 charts I saw this coming I felt it in my bones.
I can feel it in my bones the great pump to the upside is upon us. The bears are throwing tantrums ladies and gentlemen... It's pandemonium theres blood in the streets yet we are fearless BULLS running in head first LMFAO
Not expecting a bounce up here is foolish in my opinion. The emotion from the bears is unbelievable. I am expecting an even bigger move up now a squeeze is upon us lol it's time to buy IMO and no I'm not saying BTC to the moon I'm saying its time to go long.
I'm looking for a long entry around the 30 k range. This is also the area Elon Musk bought at so this level is key but beware of a fake out to the downside. These targets are just rough ideas I'll know more as time passes.
Uncertainty will cause a minor drop. But things should pick back up as long as D.J.T stays president. This is how I'm looking to play things if you disagree let me know why I'd love to hear from you.
This is a MACRO trend analysis so I'm leaving some room for breaking news and price action.
This is how I see things playing out. I wanted to post this as a challenge to my T.A skills I have been doing this for quite some time and feel pretty confident in my work. Let me know if u agree or disagree and why I'm open for discussion and critique.
For the past 9 years the S&P 500 has not been able to live outside of this channel for long, eventually it's pulled back inside like a metal to a magnet.
Zooming out and viewing from a macro scale I would say we are going to revisit the channel soon possibly after the next leg up around the election or shortly after..