BTC fell right into the demand zone as predicted, although a little quicker than I expected. I was able to play with with CLSK puts temporarily, I have since exited that trade. This consolidation reminds me of the February consolidation we saw with very low volatility. This allowed the moving averages to come up a bit before the expansion that lead to that bull flag I left drawn for context.
-The last time this happened BTC jumped 44% in a matter of weeks
-This projection leads to about an 87k BTC
-I do expect us to have a boring summer though so this may take a while
-My most likely bet would be late July or August BTC goes to pump town
-The last time this happened BTC jumped 44% in a matter of weeks
-This projection leads to about an 87k BTC
-I do expect us to have a boring summer though so this may take a while
-My most likely bet would be late July or August BTC goes to pump town
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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.