Bitcoin - The Signal I've been Waiting For
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As an update to my last post, it seems that BTC has decided to post a reversal early in the cycle count. Originally I was expecting BTC to bottom sometime early September. However, due to it's rise past the 0.618 extension I would expect some kind of correction into the green box at ~$38000 before a continuation.
Also, one of the most reliable bullish indicators has finally turned bullish which is the Hash Ribbon (see above). Therefore, I am even more confident in BTCs stance right now to the bull side. The last hurdle honestly is breaching the old highs, which I do expect to happen soon. BTC is technically aligned now for a midterm long play. The blue box is gravy if we even get to those ranges. Smart Contract platforms should also do well if BTC follows this long trajectory. Web 3.0 is not going away anytime soon.
IF and that's a big IF, BTC breaches the lows, then I would expect a retest of the 20k area before a bullish reversal.
Any thoughts? Leave them in the comments below.
Also, one of the most reliable bullish indicators has finally turned bullish which is the Hash Ribbon (see above). Therefore, I am even more confident in BTCs stance right now to the bull side. The last hurdle honestly is breaching the old highs, which I do expect to happen soon. BTC is technically aligned now for a midterm long play. The blue box is gravy if we even get to those ranges. Smart Contract platforms should also do well if BTC follows this long trajectory. Web 3.0 is not going away anytime soon.
IF and that's a big IF, BTC breaches the lows, then I would expect a retest of the 20k area before a bullish reversal.
Any thoughts? Leave them in the comments below.
Note
Guys the only thing left now for BTC to confirm it wants to run is a break of the previous ATH in April...lets see, I'm anticipating it will do this
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