BTCUSD: Long term signal is possible
🚀 Exciting Times Ahead for Crypto! 🚀
🔍 Unlock the Secrets: A Long-Term Cycle Unveiled! 📊
Today's action may have been a short squeeze, but the real story lies in the long term charts. Smart money has been strategically accumulating, waiting for the perfect moment to soar! 📈
🔮 October Signals a Potential Game-Changer! 🔮
A range expansion bar in the 2M timeframe during October could be the spark that ignites a journey to new all-time highs!🎯
This move could set off a trend signal in the two months per bar timeframe, with accumulation spanning from Nov '20 to Aug '23, implying a proportional move both in price and time. The details of how the trend would evolve will need to be continuously reassessed but this would be the first step 📅
🛤️ A Path to New Heights! 🛤️
After testing the 47k area, price would be poised for a breakout into new all-time highs, given enough time in this range. This could herald a continuation of the bullish cycle we last witnessed from 10k to 60-70k! 🌌
Best of luck, and here's to exciting times ahead! 🥂
Cheers!
Ivan Labrie 🌟
🔍 Unlock the Secrets: A Long-Term Cycle Unveiled! 📊
Today's action may have been a short squeeze, but the real story lies in the long term charts. Smart money has been strategically accumulating, waiting for the perfect moment to soar! 📈
🔮 October Signals a Potential Game-Changer! 🔮
A range expansion bar in the 2M timeframe during October could be the spark that ignites a journey to new all-time highs!🎯
This move could set off a trend signal in the two months per bar timeframe, with accumulation spanning from Nov '20 to Aug '23, implying a proportional move both in price and time. The details of how the trend would evolve will need to be continuously reassessed but this would be the first step 📅
🛤️ A Path to New Heights! 🛤️
After testing the 47k area, price would be poised for a breakout into new all-time highs, given enough time in this range. This could herald a continuation of the bullish cycle we last witnessed from 10k to 60-70k! 🌌
Best of luck, and here's to exciting times ahead! 🥂
Cheers!
Ivan Labrie 🌟
Note
One thing to consider: by the time the halving occurs, roughly by May 2024, a lot of miners will be unprepared for prices under 57-70k, which might cause sell pressure to mount, keeping price suppressed temporarily.
I project it might take until July-August 2024 to trigger the long term trend signal I was estimating will happen.
My subscribers get timely alerts regarding positioning ofc.
Note
Here's how
BITO looks right now btw.Not ideal but a viable alternative if you need exposure.
Note
2M/3M trend signal popped...
Note
A logical move is something reminiscent of the 2015 to 2017 run...
Back then, we also had massive capital flight out of China, and a rally starting in Gold which had bottomed out.
Note
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.