FIL / BTC - Update on Proposed Path - Cups
Update on previous idea, still believe we are forming a cup. That cup went a bit lower than expected and is getting dragged out further. Sometime towards the end of the year or early next year, I believe we'll either form a double top or break our high from April 1st.
On the way there, we may form two inverted HS - a smaller one stopping at 0.00179 -> 0.00144, then to 0.0023 and eventually 0.0025. The larger one stopping at 0.0025 -> 0.00179 and then to 0.00289 or 29.
Proposed paths don't always work out, but when they do they can be great to formulate a trading plan. Let's see if this one works out, and we'll continue to adjust to any major changes.
On the way there, we may form two inverted HS - a smaller one stopping at 0.00179 -> 0.00144, then to 0.0023 and eventually 0.0025. The larger one stopping at 0.0025 -> 0.00179 and then to 0.00289 or 29.
Proposed paths don't always work out, but when they do they can be great to formulate a trading plan. Let's see if this one works out, and we'll continue to adjust to any major changes.
