btc 7-4 update ~
מעודכן
good evening,
taking a peak at the alt charts, and a lot of the alts look to be setting up for a little pop in the days ahead.
this would also rhyme with the idea of btc stopping out all the bears who were late to the party over this 3 day weekend.
a push up to 21.2k, followed by a flush just beyond the range low is my plan.
anywhere between 17,400~16,195 is the expanded flat pocket for that b-wave.
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since we came up in 3 waves from the range low, i'm theorizing we will come down in 3 waves to create an expanded flat.
b-wave should bottom on july 13th (+\-1 a day).
---
july 13th is an important day in the market.
we have the full moon - which is a historical indicator for a pivot to the upside.
more importantly though, we have the highly anticipated inflation data being released on this day.
---
for btc to see a clean rally out of this range (as portrayed down below), that inflation data must beat the current expectations.
---
failure to beat expectations, and we will see an accelerated decline fueled by long liquidations.
taking a peak at the alt charts, and a lot of the alts look to be setting up for a little pop in the days ahead.
this would also rhyme with the idea of btc stopping out all the bears who were late to the party over this 3 day weekend.
a push up to 21.2k, followed by a flush just beyond the range low is my plan.
anywhere between 17,400~16,195 is the expanded flat pocket for that b-wave.
---
since we came up in 3 waves from the range low, i'm theorizing we will come down in 3 waves to create an expanded flat.
b-wave should bottom on july 13th (+\-1 a day).
---
july 13th is an important day in the market.
we have the full moon - which is a historical indicator for a pivot to the upside.
more importantly though, we have the highly anticipated inflation data being released on this day.
---
for btc to see a clean rally out of this range (as portrayed down below), that inflation data must beat the current expectations.
---
failure to beat expectations, and we will see an accelerated decline fueled by long liquidations.
כתב ויתור
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