This feels like a post that has been a long time in the making (waiting) as I have been wanting to see BTC hit $66k for a couple weeks before we make a substantial move higher. Well the time has come that we finally hit our lower target, so it’s time to start looking at long positions again, this includes BTC and altcoins but each chart will vary. I will simply show BTC here since it is our market driver and altcoins will be up to each individual with the exception of a couple that I may post.
I am largely in favor that the swing low for BTC has been printed. With the simple exception of if there is another stop hunts that comes through, and I have marked the level on the chart that would be hunted in that scenario. Outside of avoiding that stop hunts, I am looking for price to pretty quickly make its way back to all-time-highs (ATH). In my previous post I mentioned that I would not be surprised to see a push slightly above ATH like $80k, and that still holds true from my perspective.
This feels like a post that has been a long time in the making (waiting) as I have been wanting to see BTC hit $66k for a couple weeks before we make a substantial move higher. Well the time has come that we finally hit our lower target, so it’s time to start looking at long positions again, this includes BTC and altcoins but each chart will vary. I will simply show BTC here since it is our market driver and altcoins will be up to each individual with the exception of a couple that I may post.
I am largely in favor that the swing low for BTC has been printed. With the simple exception of if there is another stop hunts that comes through, and I have marked the level on the chart that would be hunted in that scenario. Outside of avoiding that stop hunts, I am looking for price to pretty quickly make its way back to all-time-highs (ATH). In my previous post I mentioned that I would not be surprised to see a push slightly above ATH like $80k, and that still holds true from my perspective.