Bitcoin update

29. Juli 2021

I am updating my chart a little bit, I adjusted the target. 45k-50k seems more like it before a pull-back. Right now Bitcoin is once again fooling traders by stopping at the most likely resistance. Some side-ways movement ahead of us before we continue higher.

29. Juli 2021

Anmerkung

29. Juli 2021

Anmerkung

Fractal-wise the scenario I updated this post with seems valid too. We might get a pull-back already.

31. Juli 2021

Anmerkung

Since we did not retrace in any major way the 45-50k target holds before a pull-back.

2. Aug. 2021

Anmerkung

2. Aug. 2021

Anmerkung

See the updated chart above. Everything still holds accordingly with the fractal.

4. Aug. 2021

Anmerkung

4. Aug. 2021

Anmerkung

We have momentum to start climbing again soon. on 1h the price has been coming down but RSI going up = Divergence. I believe the price was pushed down just to eat away over-leveraged longs once again.

4. Aug. 2021

Anmerkung

Price jumped just as I thought it would. It squeezed the over-leveraged longs out of the game and now we can start moving higher. Slowly but surely.

4. Aug. 2021

Anmerkung

Now Im expecting us to retrace a bit and fool more traders to do hasty choices (but would not surprise me if we continue up straight).

5. Aug. 2021

Anmerkung

Following the pattern. This retrace was expected. Lets see what happens.

5. Aug. 2021

Anmerkung

Little update, trying to figure out a way to forecast target more easily. Well I got something for you all.