Second highest monthly close ever - Keep it simple
Still could see huge capitulation as wave C of the correction seems negated but not out of play.
Facts:
- BTC closed its July monthly candle higher than any other close besides the blow off top at 20k area.
- Volume was good
- REKT city drop was a manipulated long squeeze due to moon boy leverage.
- TD 5 on the monthly (not the best TF but still the first in a while)
Id ideally like to see this test a little lower (box shown) but this monthly close is significant. Lets build the launch pad?
Next target is local high around 14k with a long (1-2 month consolidation) then ATH in November/December as traders chase yield moving into EOY as retail and airlines sink.
Facts:
- BTC closed its July monthly candle higher than any other close besides the blow off top at 20k area.
- Volume was good
- REKT city drop was a manipulated long squeeze due to moon boy leverage.
- TD 5 on the monthly (not the best TF but still the first in a while)
Id ideally like to see this test a little lower (box shown) but this monthly close is significant. Lets build the launch pad?
Next target is local high around 14k with a long (1-2 month consolidation) then ATH in November/December as traders chase yield moving into EOY as retail and airlines sink.
Note
Fun when it works out. I was way wrong on retailand airline stocks tho.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.