Clearly defined Monthly ranges on the Bitcoin Chart.
A Superb recovery fo the price of Bitcoin but approaching major supply zone. Could see a climatic Fomo halving attempt across $10k which may prove too much for the bulls to close on the monthly and more time in the range 9.2 - 6.5 could be needed. It might be frustrating for the bulls but would provide a solid base with potential for a higher low and a right shoulder / Wyckoff pattern on higher timeframes which would Position the market superb for a bull market end 2020 and into 2021.
Will add to this in due course but consider this a broad end of year forecast.
Worth checking the linked chart here too in the context
we could see up a right shoulder and really gain some momentum into the end of the year.
Drop it alike and all follow all the other stuff in the footer if useful, cheers.
Filb
A Superb recovery fo the price of Bitcoin but approaching major supply zone. Could see a climatic Fomo halving attempt across $10k which may prove too much for the bulls to close on the monthly and more time in the range 9.2 - 6.5 could be needed. It might be frustrating for the bulls but would provide a solid base with potential for a higher low and a right shoulder / Wyckoff pattern on higher timeframes which would Position the market superb for a bull market end 2020 and into 2021.
Will add to this in due course but consider this a broad end of year forecast.
Worth checking the linked chart here too in the context
we could see up a right shoulder and really gain some momentum into the end of the year.
Drop it alike and all follow all the other stuff in the footer if useful, cheers.
Filb
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Starting to show some initial signs of rejection which we have seen before.
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High timeframe now serving as resistance.
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Follow on Twitter @filbfilb