Bitcoin

Bullish Bitcoin (BTC) Outlook for Q4 2021 !

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All Categories are bullish;

Chart Patterns:
Stacked Inverse Head & Shoulders (We broke out! Just need to close above).
Debatable Macro Cup & Handle.
Macro Descending Triangle which we broke out of a couple of days back...

Technical Indicators:
Wolfpack Green and upward facing (room for a pump)
RSI above the downward resistance line - opportunity to run into overbought territory.
BTC held the EMAS as support.

Wave Analysis:
This BTC bull run from last year's lows is in fact Grand Wave 5, similar to the stock market.
We are in the 3rd wave of wave 3 in the midterm view.

GANN:
Breaking ATH will bring us to our next GANN line, further up.
We can see 78K in November and a 100+K BTC by New Year's Eve!!!

Fundamental Analysis:
BTC ETF - Hype

Bullish Scenario confirmed after closing a candle above ATH!!!


Penafian

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