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Mattysalads
2021年11月30日早上7點00分

Trend Comparison & Thoughts 看多

Bitcoin / U.S. dollarBitstamp

描述

This is pretty simple, I saw there’s an obvious horizontal support line since the second leg of the bull run started out of the wyckoff accumulation.

I noticed both movements up corresponded to a touch point on the horizontal support. That’d mean $51,441 would be the bottom for this current retracement.

I also noticed both touch points then caused a 38-39% move to the upside. That’d equate to $71,705 being the next local top.

There’s another obvious another route this could take with forming (another) gigantic head and shoulders pattern, where we break below $50,000 and have a bull trap of sorts into major downside.

I think with the recent golden cross, the LTH supply accumulation, Taproot, and a major Q1 news cycle featuring Apple, Google, Walmart, Amazon, and countless others, this could be a gigantic parabolic move.

The big thing I also think there actually has been no top or ATH since 2017. If you look at BTC/M1, we actually haven’t conquered the ATH there. I do think this bull run could possibly extend through March or even October.

Options market looks fairly bearish, and we’re certainly over leveraged. I am really inclined to think this next touchpoint is going to be a great long.



評論
Tradersweekly
Irrational call in my opinion. Even RSI you showed continues to develop bearish structure poiting to more downside as it approaches oversold condition. Trend is down and not up. Market can not keep rising forever.
SabahEquityResearch
Amazing analysis
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