Target Hit Dead-On; Bulls In Charge | $BTC #bitcoin #litecoin
Friends,
Forecast is bearing fruit at all levels, as we are finally arriving at the pan-ultimate resistance level. 630-78 was the lowest value of a significant overhead resistance defined a month ago (see: "Houston, Do You Copy? - www.tradingview.com/v/2z40pI45/).
At this point, I would expect a significant consolidation interim, although looking back at the recent blazing trail, price has stampeded its way up this hill without much respite, when we called for some shallow retracement. But the bulls grunted and grumbled their way up these greener pastures without looking back at incredulous bears it gored on the way.
I would have to reassess the entire picture and churn through a few data to refine any new forecast. I thank you for your kind referral and friendly, supportive comments from the way up to down, and then up to here.
Note that the arrows are left to suggest a probable price action pathway. This is not a predictive result, but a suggestion that retesting of a then-resistance-now-support level is probable before a continued rally to higher levels. The real obstacle is defined by both 630.78/667.80 range. Any price action above this will warrant new analysis.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
TradingView Moderator
Forecast is bearing fruit at all levels, as we are finally arriving at the pan-ultimate resistance level. 630-78 was the lowest value of a significant overhead resistance defined a month ago (see: "Houston, Do You Copy? - www.tradingview.com/v/2z40pI45/).
At this point, I would expect a significant consolidation interim, although looking back at the recent blazing trail, price has stampeded its way up this hill without much respite, when we called for some shallow retracement. But the bulls grunted and grumbled their way up these greener pastures without looking back at incredulous bears it gored on the way.
I would have to reassess the entire picture and churn through a few data to refine any new forecast. I thank you for your kind referral and friendly, supportive comments from the way up to down, and then up to here.
Note that the arrows are left to suggest a probable price action pathway. This is not a predictive result, but a suggestion that retesting of a then-resistance-now-support level is probable before a continued rally to higher levels. The real obstacle is defined by both 630.78/667.80 range. Any price action above this will warrant new analysis.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
TradingView Moderator
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