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A bullish Idea…
Welcome to the 4th quarter. We enter October with bullish on-chain analysis, bullish media, and bullish TA. ENJOY THE RIDE.
If, and that’s a big “if”, the pump we saw today helps form the ‘head’ of a head-and-shoulders pattern - I believe that could give BTC the juice to break out of the descending trend present since April/May. At that point, we would look for a retest of that triangle. If successful, our price target moves all the way up to approximately 80-83k.
Not financial advise. Use stop losses if trading! Otherwise DCA in and enjoy the ride.
If, and that’s a big “if”, the pump we saw today helps form the ‘head’ of a head-and-shoulders pattern - I believe that could give BTC the juice to break out of the descending trend present since April/May. At that point, we would look for a retest of that triangle. If successful, our price target moves all the way up to approximately 80-83k.
Not financial advise. Use stop losses if trading! Otherwise DCA in and enjoy the ride.
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