BTC. is shown above trending between previous triangle breakouts + ascending channels mixed in with a few wedges.
If the cup doesn't form, don't drink the water.
*[do not proceed if MA's stay on top]
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we spilled a little starting off but we all knew this was going to be a bumpy ride......
The cup is still in formation.
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The pattern slipped out but the lows get higher..... waiting for trend reversal, look for a jump back into the pattern area before the curve....If not, abort mission.
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We waited for the reversal, it happened.... BTC doing what she does and jumped right back into the pattern.... Wouldn't be surprised if she reaches the target ahead of schedule.
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This is going to be a very slow and steady grind up.... Idea still in play, just add an additional 45 days from the original completion date. The cup gets bigger.
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Turning this ship takes time, but as you can see above.... We are turning.
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We turned.... And now really making a rally towards our target.... Better late than never.
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Took a little longer than originally expected but we did make it.... A true recovery leading into PD + new ATH's
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As we sit on this multi month trend line [Support Side] what do you think happens from here?
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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.