Second highest monthly close ever - Keep it simple
Still could see huge capitulation as wave C of the correction seems negated but not out of play.
Facts:
- BTC closed its July monthly candle higher than any other close besides the blow off top at 20k area.
- Volume was good
- REKT city drop was a manipulated long squeeze due to moon boy leverage.
- TD 5 on the monthly (not the best TF but still the first in a while)
Id ideally like to see this test a little lower (box shown) but this monthly close is significant. Lets build the launch pad?
Next target is local high around 14k with a long (1-2 month consolidation) then ATH in November/December as traders chase yield moving into EOY as retail and airlines sink.
Facts:
- BTC closed its July monthly candle higher than any other close besides the blow off top at 20k area.
- Volume was good
- REKT city drop was a manipulated long squeeze due to moon boy leverage.
- TD 5 on the monthly (not the best TF but still the first in a while)
Id ideally like to see this test a little lower (box shown) but this monthly close is significant. Lets build the launch pad?
Next target is local high around 14k with a long (1-2 month consolidation) then ATH in November/December as traders chase yield moving into EOY as retail and airlines sink.
Nota
Fun when it works out. I was way wrong on retailand airline stocks tho.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.