I've recently posted the implied breakout plan if BTC can get through the 1.61 zone. The expected strength and levels of this move are important to map in at this point and especially important for bears to understand because if we break then the move can happen with no big pullbacks.
In the event of the 1.61 break, that's when we tend to really see the big rally move that people have been saying you have to be positioned for while we were heading into the big correction. Now would be the time a sustainable breakout would be made and there'd be easy money to be made on the long side if it breaks.
For an analogous example the forecast I made of NVDA going from 500 to 1,000 was based on this same kind of break.
But if we make a failure to break the 1.61 those can get all sorts of nasty. It usually starts with a quick return to the 1.27 and when the 1.27 has broken that's usually a full failure of the trend. When looked at after the fact, it's obvious the 1.27 break was an important moment in the trend.
Making this an exceptionally important point for BTC. If the breakout can be sustained there's a lot of good ops following local structure. Stops can be set under it and you can look to hit 1:5 + RR trades on all the corrective moves. Trailing stops on this could work out extremely well, the first major resistance after a 1.61 break being 140K.
If the attempt to break the 1.61 fails, it'll usually start with a big shock move and develop into a cruel bear market.
Now would be a time to be wise about risk to both sides. For trades, it's highly likely we soon head into extremely profitable markets.
Which side we break to is largely irrelevant, a simple style of move is predicted to either side once the 1.61 decision is made.
But I'll tell you one thing, if the 1.27 ends up failing that would be expected to get very nasty. The kinda nasty we're apparently not allowed to say is possible about things like BTC ...
If you have exposure to this, on either side, you should be very careful if it begins to go against you.
A major trend decision is likely made soon.
A bear move would typically start with some shock news and capitulation sell off. Would be aware of that if something weird happened.
In the event of the 1.61 break, that's when we tend to really see the big rally move that people have been saying you have to be positioned for while we were heading into the big correction. Now would be the time a sustainable breakout would be made and there'd be easy money to be made on the long side if it breaks.
For an analogous example the forecast I made of NVDA going from 500 to 1,000 was based on this same kind of break.
But if we make a failure to break the 1.61 those can get all sorts of nasty. It usually starts with a quick return to the 1.27 and when the 1.27 has broken that's usually a full failure of the trend. When looked at after the fact, it's obvious the 1.27 break was an important moment in the trend.
Making this an exceptionally important point for BTC. If the breakout can be sustained there's a lot of good ops following local structure. Stops can be set under it and you can look to hit 1:5 + RR trades on all the corrective moves. Trailing stops on this could work out extremely well, the first major resistance after a 1.61 break being 140K.
If the attempt to break the 1.61 fails, it'll usually start with a big shock move and develop into a cruel bear market.
Now would be a time to be wise about risk to both sides. For trades, it's highly likely we soon head into extremely profitable markets.
Which side we break to is largely irrelevant, a simple style of move is predicted to either side once the 1.61 decision is made.
But I'll tell you one thing, if the 1.27 ends up failing that would be expected to get very nasty. The kinda nasty we're apparently not allowed to say is possible about things like BTC ...
If you have exposure to this, on either side, you should be very careful if it begins to go against you.
A major trend decision is likely made soon.
A bear move would typically start with some shock news and capitulation sell off. Would be aware of that if something weird happened.
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We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.