BTCUSD - A case for the bulls
If the price manages to close above 60400 on the daily before the 13th of July, there is a high probability that the parabolic rally might continue towards 98k by September 2024!
Disclaimer: These are not trading signals. Trade at your own risk!
Disclaimer: These are not trading signals. Trade at your own risk!
Note
The price is at a crucial point, very confusing! Nothing more to do than let the market decide and just follow.Note
The window got narrower, before the 10th of July, not 13 anymore!Note
Seems highly unlikely. I won't say impossible but the already very low probability is dropping further!Note
BTC is trying hard for that close! Can it close above 60k by tomorrow and keep up the momentum for a continued upside beyond 60k?Note
60 days until top starting today (provided the trade activates)Note
Conditions for trade activation:-BTC rallies to 60k on the 10th of July and the daily closes above 60004 to be very precise
-Continues to rally minimum towards 62k on the 11th of July
If these two conditions are not met, the idea would be rendered invalid!
Do we have so much gas left at this point? My personal bias says no. But let's see!
Note
Conditions not meant for validation, case closed!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.