Good Day,
Last nights Price Action saw the closure of the last weekly CME Gap left during the bear trend.
This opens the door to new price discovery.
Current price action is between fib retracement levels and it would seem probably that we see a move at least to the 0.618 over time.
I have also recognised BTC's previous 2 cycles finding high points at the 0.786 retracement point prior to the BTC Halving so that brings the 50k target into the realm of possibilities. My previous post outlies the major weekly signal that is now firing and confirmed with momentum and price action breaking above the major resistance area.
A retest of the major resistance turned to support would open the door to higher price targets into the end of Q4 and i am looking at January as a possible month for things to top out before a major retracement of BTC of (30%+)
Have a great day!!!
Last nights Price Action saw the closure of the last weekly CME Gap left during the bear trend.
This opens the door to new price discovery.
Current price action is between fib retracement levels and it would seem probably that we see a move at least to the 0.618 over time.
I have also recognised BTC's previous 2 cycles finding high points at the 0.786 retracement point prior to the BTC Halving so that brings the 50k target into the realm of possibilities. My previous post outlies the major weekly signal that is now firing and confirmed with momentum and price action breaking above the major resistance area.
A retest of the major resistance turned to support would open the door to higher price targets into the end of Q4 and i am looking at January as a possible month for things to top out before a major retracement of BTC of (30%+)
Have a great day!!!