Pierpont_Investments

Pierpont_Investments

Trading Strategy Description Currently, I believe that the market is following an A-B-C-D pattern, similar to the one observed between March and August 2023. Price Targets The first downside target could be around $51,000, which also represents the 50% Fibonacci retracement of the uptrend that started in January 2023. However, the price could extend down to...

Pierpont_Investments

#Diamond pattern #Stock to Flow I believe that BTC could get to $85k in the month of November. Then probably at $100k by the end of the year or at the beginning of the next one. It seems that BTC has finally decided its short term road. Rising inflation and macroeconomic factors might help this path. I also believe that BTC might grow further...

Pierpont_Investments Updated 

I really believe BTC can pass $200k by the end of the year (target 2). At the moment, despite the huge pump in the previous 24h (we are at $60.300) I still believe that in order to move up again we need to retrace at around $43.000 in the next 20-40 days. In all the previous new ATH, bitcoin has made a retracement between -22% and -29% and I think that we can...