Target is just shy of 40k. Long until mid-August. Full long comit on equity / emerging markets.
Folk should not be short here but many still are..
Best, Hard Forky
Final Drop to Target:
Stage 2 Drop to target:
The scenario developed in 2021 was based on historical (10 year) MA price interaction at market tops. Market Top interaction with the MA is not always exactly the same (so not a perfect indicator) but has typically been in 3 parts:
1. Support off 50 WMA 2. Break down and retest of 50 WMA 3. Break down away from 50 WMA
So far BTC has followed this hypothesis to the letter. As an extension a 4th stage is to retest the 50 WMA - currently trending towards 41K resistance (hence shifting long... temporarily)
Just means there is little more to say, the move up has been initiated and we are heading to 40k
UnknownUnicorn16835997
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what The rest is history ?
morbidMoth40618
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Definitely more upside than downside at these prices so I've been buying with the intent to hold longer term if need be. I'm not quite as optimistic in the short term but I'm no expert.
mahmoudAhdab
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So no 17k before 40 anymore ?!
hardforky
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@mahmoudAhdab, Market held on weekend - went long at 19k. The target is all that really matters - sub 40k