Bitcoin to $100k?
We have a lot of bullish crypto charts right now after last week's move up. BTC finally broke above 
65K, but is stalling for now. As long as it holds as support now, I'd expect a move up to the top end of its bull flag. It'll be critical what happens from there, a breakout above will almost certainly lead to a test of ATH and potentially 100k.
I'll be waiting for confirmation of a break and then a long on a retest. If it rejects again, there's potential for it to go all the way back to the bottom end around 50k again. We have a shorter term ascending channel that may lead to some downside if it breaks below, but I think the real test will come at the top end of the bull flag above.
65K, but is stalling for now. As long as it holds as support now, I'd expect a move up to the top end of its bull flag. It'll be critical what happens from there, a breakout above will almost certainly lead to a test of ATH and potentially 100k.I'll be waiting for confirmation of a break and then a long on a retest. If it rejects again, there's potential for it to go all the way back to the bottom end around 50k again. We have a shorter term ascending channel that may lead to some downside if it breaks below, but I think the real test will come at the top end of the bull flag above.
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advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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