Now the structure is more apparent (disappointed with the limited low a few days ago though) I estimate we've still got another 2 weeks in this $35k to $40k ADAM region.
I'm still convinced we will see a large Adam and Eve structure play out at this bottom - this is turning out to be at a bigger scale than my previous expectations. From historical observations BTC will typically continue to retest support and shake off the sellers before a move up to test resistance at the $50k - $40k range - this should offer further excellent 20% trading opportunities.
-- The immediate structure should offer one last shakeout around the 23rd July which will take a few days to resolve itself - Support at $35 will be my final major long entry target for the year on BTC for next wave up and should offer further ALT entries.
Best, Hard Forky
Retest of Support - I won't discount a $20k target but it was always an obvious trap.
I'm still convinced we will see a large Adam and Eve structure play out at this bottom - this is turning out to be at a bigger scale than my previous expectations. From historical observations BTC will typically continue to retest support and shake off the sellers before a move up to test resistance at the $50k - $40k range - this should offer further excellent 20% trading opportunities.
-- The immediate structure should offer one last shakeout around the 23rd July which will take a few days to resolve itself - Support at $35 will be my final major long entry target for the year on BTC for next wave up and should offer further ALT entries.
Best, Hard Forky
Retest of Support - I won't discount a $20k target but it was always an obvious trap.
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Penerbitan berkaitan
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.