Grandaddy and his journey full of self-discovery, joy, love, peace and harmony.
Cheers!
Cheers!
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Expecting the trip to be longer. Was just lazy to adjust all the drawings. :-)
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Description of the Idea behind this post: BTC broke out from the falling wedge, and I think the pull back from ATH could be over, so Bitcoin could be on new path leading to new ATH at 61k. But first I do expect pullback to 46k to test the last support, or even pullback to 44.5k to backtest the broken trendline.
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Here we go, the beginning of trip being rainy. Pulling back (as expected) to 46500-45000 zone just to "meet the liquidity". Have you got an umbrella?
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After one more impulse up (since last update), now finally "meeting the liquidity" @ the buy zone. I think smart money are accumulating in this area and when they have enough, BTC will re-start his trip to 61k then.
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Something like this?
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The dip into BUY ZONE has been bought agressively and now BTC is breaking the triangle. The beautiful trip continues...
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So here we are approaching the ATH and also my 61k target. What do you think will happen once price hits ATH? Break and new ATH, or consolidation below (coffee time), or strong rejection (pullback down)? What do you think will happen once price hits my target?
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BTC took just short coffee time (consolidation) below ATH and then broke up easily. Bitty is almost there...
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Bitty just finished his trip. I would expect him to take a rest, as it's been loong and exhausting journey. Now he is more experienced, skilled and just better than ever. Thank you Mr. Bitcoin, the one and only!
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What the price did after reaching my target? See how it plunged and then found support just at the trendline. Awesome...
