I hope everyone managed to get in at our lows over the past few weeks. The cycle has officially turned bullish, and we are going to 66k first and then 70k.
After FOMC, we get a clear direction to the market, but often, people do not know how much higher or lower it can go. I have a system of measuring energy that gives the total potential energy produced during events such as FOMC. Based on that energy, I have the highest probability target of 66k, followed by 70k.
You can also see that 66k is well within the upper trend line.
While 70k is outside, I expect a spike outside this zone to trap in bulls/greedy.
We entered back into the bullish channel.
The ORI indicator also showed significant bullish divergence and Trend crossing into the bullish territory.
Enjoy the euphoria you will feel over the next few weeks. Just don't get greedy; find joy and secure your profits. More pain will come eventually.
Green pips to you 🤑
Trade closed: target reached
There should be a bit more; we should see BTC breaking 70k, but reversion will occur. We could see a new 6-month low.
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