BTC Outlook

2021年10月16日

Long time no see, BTC according to what I analyzed in the post before it, heading to 54k and if 54k manages to breakout, then the previous ATH will be very easy to touch, for now i have profited approximately 40% since i made the purchase when the breakout of the pattern falling wedge, and also just in case i have secured half of the profit i have got, because from my view the previous ATH area can be a selloff area (area for taking profit) and also BTC makes a bearish ABCD pattern (harmonic pattern) where the length of AB is equal to the length from C to D. And now that point D has formed, there will likely be a pullback first before it will make its new ATH again. I will take advantage of the pullback moment to add more portions. Pullbacks are possible at three fib levels: 38.2, 50 and 61.8. If the pullbacks doesn't happen, i will make a buyback if BTC manages to pass the previous ATH with a large volume