BTC Blastoff
If all this TA nonsense is good for anything, UP WE GO.
The roof on this is a rickety shack... while the rising floor consists of:
- A 5 month channel trendline that has been tested 2 times already (red)
- the 0.5 retracement Fib, a historically proven floor for BTC in a bull market
- A 1.5 and a 1.0 month wedge
Technical breakout target for the 1.5 month wedge is 67,200... so we should:
- pop to 62k
- brief stop to acknowledge the fib
- pop to 67,200
- wick to previous ATH
- brief stop to acknowledge the fib
- to infinity
The roof on this is a rickety shack... while the rising floor consists of:
- A 5 month channel trendline that has been tested 2 times already (red)
- the 0.5 retracement Fib, a historically proven floor for BTC in a bull market
- A 1.5 and a 1.0 month wedge
Technical breakout target for the 1.5 month wedge is 67,200... so we should:
- pop to 62k
- brief stop to acknowledge the fib
- pop to 67,200
- wick to previous ATH
- brief stop to acknowledge the fib
- to infinity
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