Following yesterday’s dump, I understand that Movement 1 should begin its development. Movement 2 would follow afterward, since BTC lost bullish momentum on the weekly chart. I’m still not entirely clear on the support level for the weekly consolidation. Judging by the strength demonstrated, a new consolidation phase could begin in about 15 days, with price retreating in a compression pattern back toward the 70–74K range. A second scenario is that it has already formed a HCH, in which case the target would be the 53K zone—the much-discussed and long-awaited level. I don’t know precisely what the price will do. I’ll simply observe it along with weekly timing, momentum, and indicator signals—they’ll tell me how close we are to the bottom of this newly initiated weekly retracement. We’ll see…
It’s not a prediction, but a probability. When you align them in your favor by identifying timing and direction on the HTF, it will help you avoid significant losses and substantially increase your profits. I haven’t eased off on the weekly chart yet, and we’ve already reached $79K. The bearish movement aligns with a pullback on the daily timeframe, which, by the way, is already extended and has undergone a clean downward move.
They still haven’t stated the military objectives… stop messing around. Smoke, noise, and a few taking advantage of every opportunity to position themselves. …TACO TRUMP…
WEEKLY BTC . Watch the SQZ trendline (looks like MACD). Extremely exhausted on the weekly—keep pushing to hold it high, because the drop will be brutal; keep buying Saylor… . In another post, I’ll share what I see based on my analysis that could unfold on a daily chart. https://t.co/WJi6OjHIAy