Btcusd getting closer to reaching the channel breakout target.

١٥ أكتوبر ٢٠٢١

As I have shown extensively in previous ideas, we broke up from this green channel in August. We are finally nearing the point where we should be reaching the measured move breakout target of 64150 in the next few days. This should allow us to retest the ATH for BTC. A correction is to be expected afterwards at that point but not guaranteed. If we were to correct at that point I think we will ultimately maintain the support of the weekly 50ma and likely the daily 50ma as well. A retracement to as low as 50k could very well be in the cards however before the next big leg up. My next targets after this would be of course the whales favorite psychological zone of 66,666 and then 68111 (the target of the bull pennant with the yellow wedge), after that 72500 and then 80k(inverse h&s target) before my final current measured move target of 97k. The 97k target is the measured move taken from turning the channel who’s target we are about to hit, into a giant 2week chart bull flag. Now that the channel is reaching it’s breakout target, the entire bull flag is likely to as well.

١٩ أكتوبر ٢٠٢١

ملاحظة

Descending channel breakout target Hit! With precision! 2 months and 10 days later!

٩ نوفمبر ٢٠٢١

ملاحظة

3rd target (bull pennant measured move in purple) finally hit!