DEALERBTC #BITCOIN $BTC MY THOUGHTS: MACRO UPDATE VERY BULLISH
This trade idea is an update to my previous trade idea about a consolidation play. In that trade idea I stated that I believe the pivot low of the daily candle on May 7, 2024 would act as an important support / resistance. That level is now established at $62,261.
In my opinion if price stays above $62,261, and gets above the yellow trend line on my chart, I believe that the market is in for around a 50% move to the upside to around $98,000. I believe that if the price gets above this trendline, it is likely to continue higher until at least June 7th.
It is my opinion that if the move to $98,000 is completed, the market will continue to new highs until at least November 21, 2024.
I have linked my consolidation trade idea to this trade idea for you to check out. You can see that I am on top of my game. Looking at other people's charts makes me want to puke, so I don't really look at anyone else's charts.
This trade idea is not financial advice. I am not any kind of financial advisor.
Thanks for hitting the like button and for following me!
In my opinion if price stays above $62,261, and gets above the yellow trend line on my chart, I believe that the market is in for around a 50% move to the upside to around $98,000. I believe that if the price gets above this trendline, it is likely to continue higher until at least June 7th.
It is my opinion that if the move to $98,000 is completed, the market will continue to new highs until at least November 21, 2024.
I have linked my consolidation trade idea to this trade idea for you to check out. You can see that I am on top of my game. Looking at other people's charts makes me want to puke, so I don't really look at anyone else's charts.
This trade idea is not financial advice. I am not any kind of financial advisor.
Thanks for hitting the like button and for following me!
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.
