Bitcoin : Will we repeat option A, or B?
Updated
Route A takes us to 4.9k (75% from all time high) then back up to the top of the channel, before visiting the bottom.
Route B takes us down straight away to the bottom of the channel at 2.8k (86% from all time high), then it will rest and gather strength for later.
Route C is all other routes, and is much more likely! ;-)
Clearly, this is all just guesswork, but I found it interesting to fit long term curves on the data to see where we are within our historical ranges, and how that might affect shorter term choices.
Good luck.
Route B takes us down straight away to the bottom of the channel at 2.8k (86% from all time high), then it will rest and gather strength for later.
Route C is all other routes, and is much more likely! ;-)
Clearly, this is all just guesswork, but I found it interesting to fit long term curves on the data to see where we are within our historical ranges, and how that might affect shorter term choices.
Good luck.
Note
It's tracking nicely down to 4.9k as per this idea. I am now thinking Option B is looking more likely from there. If we get there I think we will have a really good bounce,.. bull mode engaged, lambos configured, then the final test of reaching escape velocity,... before either moon, or 3k.We'll see.
Prepare for all eventualities.
Note
Route B it is.
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