Literally so many similarities between the last consolidation range and where we are today. The low volatility can be boring, but get ready for a massive increase in volume. We are about to break out. I would say we will start moving up between October 7th and October 9th. Price target of 13.5 but we may even get to 14k. Expect a little turbulence around 12.5.
Get ready guys, we are about to see some insane price action in the coming months. Ditch fiat, buy BTC.
Here's a fractal from the previous bull run that happened at the exact same time in the cycle. This dump was to be expected and will allow for the CME gap to be filled most likely. Then we will consolidate into an ascending triangle, break to the upside, retest, and then off to the moon. I'm looking at the last week of October to the first week of November for us...
Hey guys, So for the short term I can see bitcoin going up to test the 10.4-10.6k region. I expect to get a rejection and price go back to the downside. However, we will find new support on top of our 3 year long resistance line! This is definitely the start of a bull market! Everyone get ready because we are in for a wild ride. Price can start taking off above...
Not my personal top choice for this bull run, but something like this could be possible. By end of 2021 I can see this hitting $5-$10
just speculation on how soon this will occur, but this breakout is basically inevitable
even though we broke out of that really boring triangle, we have a longer term triangle to look at. however, I expect hitting all time highs by the end of this year to the beginning of next, followed by a strong rejection. I expect to test, and then fully break that 10.5k region by October of this year
We might just see a cup and handle within a cup and handle within a cup and handle. This is definitely a bullish scenario. We could either continue to go op from there, but I think that once we hit 10.5k-11.5k we will need to retest some levels.
Its entirely possible that we could see another leg up to this years all time highs! It is also possible that we get a bart Simpson and come crashing back down. In either case, a big move is coming.
Bull target:9900 Bear Target:9000 We have expanded out of our triangle and have broken out of a downward wedge. We still should expect good resistance up at 9900. We also May possibly see a dump lower if we still consolodate within this triangle. Ultimately, I think this triangle is a continuation pattern and we will break to the upside.
This could be within 0-2 hours
Looks like we're hitting the apex of this symmetrical triangle. I see us hitting the 10,500 level. However, it is also a possibility that we break downwards to the mid 7000s. Comment below with your predictions!
I took a fractal from this period in the last cycle using the hash ribbons as a guide of where to grab a bars pattern. Note, this may not be to scale, but more of an indicator of upward momentum.
We should see a break from this symmetrical triangle very soon. It is more likely that this will be to the upside, but there is still a downside risk. Trade carefully!
This is a fractal taken from last cycle at a similar time, matches up pretty nicely, but I'd like to see how this plays out. If you look back you can see that we have about two months of sideways action. Its going to definitely be boring for a little bit longer.