BTC getting ready to move. 75k or 65k?
No change. we have coiled up really tightly on declining volume and are about to make a move. Most likely in the next couple of days but no later than Tuesday
If this pattern(Red) breaks up, I will look for 75k and it will invalidate our macro pattern(Dark blue).
A breakdown will take us to 65k.
I am anticipating it to break down.
My short term bearish bias is coming from the macro pattern(White pattern). The upper trend line should give us rejection here.
If this breakdown occurs, I will become extremely bullish to 90k next. Everything feels like it is going rip up hard next month when the halvening happens. This just seems like a consolidation to continue on those events
Conclusion: Short term bearish, mid term bullish. I am looking between 120k-160k for bull market top. This bull cycle should roll into first half of next year before selling off an going back to a bear market for a few years
If this pattern(Red) breaks up, I will look for 75k and it will invalidate our macro pattern(Dark blue).
A breakdown will take us to 65k.
I am anticipating it to break down.
My short term bearish bias is coming from the macro pattern(White pattern). The upper trend line should give us rejection here.
If this breakdown occurs, I will become extremely bullish to 90k next. Everything feels like it is going rip up hard next month when the halvening happens. This just seems like a consolidation to continue on those events
Conclusion: Short term bearish, mid term bullish. I am looking between 120k-160k for bull market top. This bull cycle should roll into first half of next year before selling off an going back to a bear market for a few years
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