$BTC Very nice C&H Pattern playing out on the weekly.

I've been following this for a couple days. I couldn't wait any longer to post it. I have provided 3 invalidation points, some bonus targets and my overall expected path for this run. I expect a breakout somewhere around the 49.5 price range if we get a daily close above there it will confirm a very long and well coordinated beartrap that has been in play. That said I am bearish below 44k right now.

Things in play beyond charts right now:

-Another round of stimulus checks went out to millions of Americans on Wednesday this last week.
-$200 Mil Options Expiry Friday, Corporate Quarterly disclosures.
- ETF Applications seem to be piling up again and could drive FOMO in coming weeks. (Especially if approved or conversely, denied.)


Live long and prosper! 🖖

Commentaire:

Nothing changed, BTC followed the 3rd invalidation path right up to the point where I would have closed this out and then shot back up to the path we expected from the C&H prediction.