- Update from yesterday's post, BTC is about to explode. Why?
- My mentor taught me 'the longer and more flat the accumulation period, the more explosive the upwards move is going to be.' Think about the physics of a slingshot being pulled back. That force pulling back is the accumulation and the 'letting go' is the explosive move upwards
- In this case for Bitcoin, we are not going to break $9950 lightly, it is going to be a violent move upwards probably towards $10900, because $10300 level is already 1st touched
- 1st touched levels are still a target, but they are weaker after being touched because the sell orders get bought out
- The path is completely clear to 11k and beyond.
- Bitcoin is correlated to the US stonks market whether we like it or not, and stonks have been pumping which only means that BTC might have to follow
- 1st TP at 10300 level
- 2nd TP at 10900 level
Comment:
Wicked down to $9369, market is exhausted. TP's still stand and are valid. Dip any lower and we'll re-evaluate