With imagination and intuition more than knowledge of trade, i have worked this chart to leave testimony of my third projection. As you can see, at 45 days there is a certain daily pattern in terms of an input range and output range (ABCD), it usually starts with an exponential bull run and then lateralizes to find a support line. At the moment we are entering the area of purchases that I have established according this pattern, I consider 10,3k as an excellent purchase price.
I think the 9,8k is a good support, if on July 25 the price is lower, there would be a few weeks of pullback that would lead to BTC even at 7,9k (WXY). Since my position is LONG, i will leave an SL at 9,8k as -6% and a proyection of 35% profit until August 7, if the pattern is met close to August 15, this would be testing the 20k again.
Please don't consider this as an investment advice, the volatily of this market does not ensure in any way that this projection is goin to ocurr. (but if this happens, even at 70% it would be very cool).
I think the 9,8k is a good support, if on July 25 the price is lower, there would be a few weeks of pullback that would lead to BTC even at 7,9k (WXY). Since my position is LONG, i will leave an SL at 9,8k as -6% and a proyection of 35% profit until August 7, if the pattern is met close to August 15, this would be testing the 20k again.
Please don't consider this as an investment advice, the volatily of this market does not ensure in any way that this projection is goin to ocurr. (but if this happens, even at 70% it would be very cool).
Trade closed: stop reached:
According to my projection, by breaking the limit of -6% at 9.8k the position was closed. Although there are 2 days left until the end of the cycle, the bears this time take the lead.
