So this is an update on the linked idea for BREAD $BRD coin paired to $BTC.
For this very small cap coin I'm expecting it to play out in months if not a few years (check up on original idea) and so I'm currently holding a big bag at my own risk. As we know, crypto can be very risky so I don't rule out that this idea can stretch out longer or even lose interest during a bearmarket, but I'm betting on bullish for the long term.
So within the High Time Frame idea it would be interesting to point out this Eve & Adam double bottom pattern on a 3 day timeframe which suggests a confirmation line around 880 sats. for a 2x from where it's sitting at the time of this update and a 4x after measured move completes. Projecting a time period for this idea can be sketchy because of BTC influence but I think within a year or so I should get a 4x from todays price, target approximately 1400 sats.
For this very small cap coin I'm expecting it to play out in months if not a few years (check up on original idea) and so I'm currently holding a big bag at my own risk. As we know, crypto can be very risky so I don't rule out that this idea can stretch out longer or even lose interest during a bearmarket, but I'm betting on bullish for the long term.
So within the High Time Frame idea it would be interesting to point out this Eve & Adam double bottom pattern on a 3 day timeframe which suggests a confirmation line around 880 sats. for a 2x from where it's sitting at the time of this update and a 4x after measured move completes. Projecting a time period for this idea can be sketchy because of BTC influence but I think within a year or so I should get a 4x from todays price, target approximately 1400 sats.