BTC may do something like this over the next 2-3 months. Quick chart, will post something more substantial once there is more data to work with concerning its direction from here.
Note
Update on June 3, 30min chart zoomed in:- just broke neckline of HSi, 53k target is beginning to look possible as it lines up w/ the stretch target for the HSi. ~48k would be the initial target, then ~53k. Need to get above the psychological resistance @ 40k first, and then may face resistance at the red box shown here - need to get above both to reach either target:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.