Targeting $140k. 30% chance of success, but great risk to reward.
Expecting a move up to the all time highs if we get a close above this range here. A close above this range increases the likelihood of a successful break of that trendline.
I no longer think there will be this liquidation move lower before heading higher and I actually think we have started the next leg up already. I base this on the election cycle and what Bitcoin previously did. Look back from week Dec 14th to first week of Jan and Bitcoin went up over 100% in 2020 with a very similar ascending wedge pattern. Almost identical.
I’m expecting a C correctional wave down to ~$1.50 to $1.70. If this plays out as I expect this could be a good opportunity to go long.
It would be healthy for BTC to have a bit of a correction here to complete a measured move down. ABC correction wave. Buy side liquidity at the highs of the range has been stopped out it seems and there is sell side liquidity likely at those lows. The BTC miners seem close to bottoming but I am anticipating a move down lasting until Monday-Tuesday next...
High risk trade. Targeting $2700. 79R. 25% chance of success
Opportunity to take profit on the previous bitcoin short and make a trade here for a better risk to reward ratio. High risk trade. 25% chance of success.
Targeting 2700 High risk trade 30% chance of success
Expecting a move to $140k within 4 weeks once the all time highs are broken
Expecting a move to $140k within 4 weeks once the all time highs are broken
Expecting a move to $140k within 4 weeks once the all time highs are broken
Expecting a move to $140k within 4 weeks once the all time highs are broken
Expecting a move to $140k within 4 weeks once the all time highs are broken
Expecting a move to $140k within 4 weeks once the all time highs are broken
Expecting a move to $140k within 4 weeks once the all time highs are broken
A company with exceptional fundamentals. Expecting the next major move up to have started now after a multi-year consolidation phase.
Expecting a move to $140k within 4 weeks once the all time highs are broken
Expecting a move to $140k within 4 weeks once the all time highs are broken