BTC: GOLD FEVER!
Updated
- not easy to draw on these graphs, messy -
As always, these are my simple charts. I have more evidence, but you cannot see.
So, we may have "Gold Fever" upon us ... or so I feel. Different to the last fork that held BTC back before the fork and then it exploded ...
... this time I think the opposite will happen = give us the free Gold 0.21% , then a proper correction ... down to at least the Supply structure of the previous 5K ATH as there is no decent Buy Supply before - as it was all used up to halt the drop yesterday for the impressive rally.
After a little ATH test to the last remaining Sell Supply levels (labelled), I think price will drop and refuel at the recent Buy Supply & from there 'bounce up' to push through 6K this weekend or soon next week for the glittery disco dust! Then, after the fork on the 25-26th, when it is in the bag, we are going to drop (if I have my candles counted correctly). This is natural, to keep going up at this rate requires huge exponential volume.
Ordinarily I would predict the 1.618 FIB level for the next ATH (though I do not like to project new unchartered targets) .... but this is BTC , so we may well be going to near 7K! My goodness, there are some very rich ppl reading this! Pls make the world a better place x Buy the good stuff.
As always, these are my simple charts. I have more evidence, but you cannot see.
So, we may have "Gold Fever" upon us ... or so I feel. Different to the last fork that held BTC back before the fork and then it exploded ...
... this time I think the opposite will happen = give us the free Gold 0.21% , then a proper correction ... down to at least the Supply structure of the previous 5K ATH as there is no decent Buy Supply before - as it was all used up to halt the drop yesterday for the impressive rally.
After a little ATH test to the last remaining Sell Supply levels (labelled), I think price will drop and refuel at the recent Buy Supply & from there 'bounce up' to push through 6K this weekend or soon next week for the glittery disco dust! Then, after the fork on the 25-26th, when it is in the bag, we are going to drop (if I have my candles counted correctly). This is natural, to keep going up at this rate requires huge exponential volume.
Ordinarily I would predict the 1.618 FIB level for the next ATH (though I do not like to project new unchartered targets) .... but this is BTC , so we may well be going to near 7K! My goodness, there are some very rich ppl reading this! Pls make the world a better place x Buy the good stuff.
Note
ps: Any FUD associated with the fork will deepen the retracement.Note
I did not know the TV would putactive % links everytime I type symbols. Forget those.
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.