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Could it be?
Could Max Keiser actually be right about the BTC peak (yet again)????
Well a very simple breakdown of this patterns shows an almost to the penny $220k Bitcoin peak.
However, my analysis shows a January 31st peak rather than a December peak.
Don't know about you.......But I Can't wait to find out!
Yes folks, just as many inexperienced "traders" out there are calling for a massive rally in the USD.......I actually think we're just on the verge of a MASSIVE DROP in the DXY!
I'll leave it up to you who you want to believe (based on this chart)
I don't know about you but I'll take some ADA with my coffee!
Unbelievable Cup & Handle patterns on ADA/ BTC Weekly chart..........this only depends on Bitcoin's price now. If we hit $100k then we'll FOR SURE see a $10-$14 Cardano.
If BTC goes to $200k, well then, you can do the math!
As I said on my previous post in July I said that $51k would be crucial resistance......it appears to me now that here's when we will most likely see a pullback.
I expect our bounce after this drop between $40k-$42k......possibly at around @ $38k at the most but it's HIGHLY UNLIKELY we go that low.
I say $40k-$42k should be our new higher low and then OFF WE GO...
GUESS WHAT WILL PRINT AS A MONTHLY CANDLE ON GBTC!!
THAT'S RIGHT, A BEAUTIFUL BULLISH ENGULFING CANDLE RIGHT ON THE 61.8% FIB RETRACEMENT........
TARGETS ARE $90, $120 WITH A PEAK @ $150 POSSIBLY THIS YEAR!
IF this 61.8% does hold and this morning star formation HOLDS on the 2hr chart......then we are ABSOLUTELY goin higher!
well $44,500 seems to be a good first target
at which point I would expect quite a pullback to then form a new higher low on the daily (probably down to around $38,000-$35000 area for it to be able to then shoot higher
the squeeze is about to be on! Make no mistake
the massive downward counter trendline has been broken, now we're slowly just working on the re-test of that broken line
should be down by the green box around $32000-33000 area.
Target for this Bullish Gartley is $41k.....
because that's an ABSOLUTELY CRUCIAL LEVEL TO BREAK to confirm the...
we're at an ABSOLUTELY CRUCIAL level in Ethereum (and the Altcoin market in general)
we have just printed two downward counter trendline breaks on the chart and this typically points to a resumption in trend (that trend being UP of course)!
this $1800 to $1870 area (78.6% of the smaller leg) is absolutely critical if we're to hold and continue our bullrun.
we still have a bit longer till the DXY starts crashing again......for now you can buy the USD pairs. Here we're selling the EU now @ 1.1850 and target 1.1700 and then possibly 1.1500 for up to 350 pips