I call this a scampendemic pattern chart. Brought to you by BlackRock on a bigger scale.
Summary: Short-term we have to test 62-63k then further move up until we break that 70k The best scenario is that they cause euphoria on reaching a new ATH. So I assume around 78-79k peak, then the big flush correction starts. Also, from 31/10 to mid-November, we reach the blow-off phase in timing analysis. In this phase, we will see alts doing big pumps and BTC in the range of 70k zone with new ATH around 78-79k. Then, the crash starts on the 29K—36k zone, and then the super cycle starts.
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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.