BITSTAMP:BTCUSD   비트코인
Hello, as you know, yesterday I released my first idea about the initial pump. This is an updated and more accurate idea. BTC has just broken out the bullish pennant formation. Also known as half-mast formation. The price target for the pattern is 90k, and this was forecasted 5 months ago in my other ideas. However, I expect BTC to extend at 105k ish before an exhaustion move with a shake off back down to 74k.
As you can see in the chart, I expect BTC to have a minor retracement as soon as 70k is touched. This will give to late people to enter at 64k. After that, some fireworks will start. With BTC shooting to 80k, completing the 3rd wave of this minor wave cycle. On the 5th as I previously said, I expected to reach 90k minimum and probably extend to the 105k. BTC is looking healthy. A small retracement is a normal reaction to the test of the broken resistance, so do not sweat it. Longer-term indicators show a healthy bull run ahead of us. The BB is now being stretched with the candle of yesterday closing above the second standard deviation suggesting further upside strength. The pullback will be to retest the 12 and 20MA for power.
If you had followed me previously, you would have picked the exact local bottom in the last retracement, with an excellent 20% profit as per now price. If you have been following since May...Then congratulation, you already made more than 130%.
I hope you enjoy my content so far, and I want to thank you for your support.
Are you ready?
If you have any questions, leave a comment below.
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CFcryptoTA
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