Bitcoin has been on an absolute tear to the upside and until the trend brakes, will likely continue. All good thing can't continue for ever and the high is unknowable and unpredictable.
While price is not predictable there is nothing new under the sun. Reoccuring patterns in time and price are clearly identifable and can be used to forcast areas of interest to look for a reaction. When the stars align things change.
There is a time to sow and a time reap as there is a time and season for all things.
Being most fail to recognize when a trend has ended devloping a take profit plan at key areas of interest is a sure way to not get left holding the bag after big players have already strategically exited.
This is a daily chart indentiying the reapeating range size on the chart and expanding it into the future. The momentum curve indicates a culmination of the trend in April.
Following the current momentum and the familiar bull flag pattern this produces a target aligning with a 5/8 expansion of the last accumulation range. Target is 70-78k early to mid april.
Prices may continue to go higher but once the train leaves it seldom returns and selling into the pump is far safer than waiting for a hopeful retest.
Previous models from early last year put the swing high in the 75-125k range on an accelerated move to the upside that thus far has occured. There have been several potential pivots along the way that have been pointed out but each has lead to continuation creating a clear curved trend.
Current Trading Plan:
Still targeting an accelerated move to the upside until price brakes the momentum curve or hits 75k. 75-78k if achieved should at a minimum produce another pause to reaccumulate or the likely reversal/ retrace.
Trade Well...
Your Friend,
Degen
"He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten son of God" ~ The Lord God
If you don't like it don't read it.... I do
While price is not predictable there is nothing new under the sun. Reoccuring patterns in time and price are clearly identifable and can be used to forcast areas of interest to look for a reaction. When the stars align things change.
There is a time to sow and a time reap as there is a time and season for all things.
Being most fail to recognize when a trend has ended devloping a take profit plan at key areas of interest is a sure way to not get left holding the bag after big players have already strategically exited.
This is a daily chart indentiying the reapeating range size on the chart and expanding it into the future. The momentum curve indicates a culmination of the trend in April.
Following the current momentum and the familiar bull flag pattern this produces a target aligning with a 5/8 expansion of the last accumulation range. Target is 70-78k early to mid april.
Prices may continue to go higher but once the train leaves it seldom returns and selling into the pump is far safer than waiting for a hopeful retest.
Previous models from early last year put the swing high in the 75-125k range on an accelerated move to the upside that thus far has occured. There have been several potential pivots along the way that have been pointed out but each has lead to continuation creating a clear curved trend.
Current Trading Plan:
Still targeting an accelerated move to the upside until price brakes the momentum curve or hits 75k. 75-78k if achieved should at a minimum produce another pause to reaccumulate or the likely reversal/ retrace.
Trade Well...
Your Friend,
Degen
"He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten son of God" ~ The Lord God
If you don't like it don't read it.... I do
