Traders,
With this close today above our black descending trend line, it was enough of a signal for me to make a long purchase on BTC. My SL will be 27k at this time. And my overall target will be somewhere around 37k (pending price, time, pattern - as it develops).
As you know, I have been calling for a blow off top in the U.S. stock market for more than a year. I think we will start to see price support this idea very soon. Crypto will follow. Bitcoin will start to follow first. Followed by larger cap alts like Eth. And then mid to small cap alts towards the end of this pattern.
It should get exciting here soon through the end of the year and into 2024.
Stay tuned.
Stew
With this close today above our black descending trend line, it was enough of a signal for me to make a long purchase on BTC. My SL will be 27k at this time. And my overall target will be somewhere around 37k (pending price, time, pattern - as it develops).
As you know, I have been calling for a blow off top in the U.S. stock market for more than a year. I think we will start to see price support this idea very soon. Crypto will follow. Bitcoin will start to follow first. Followed by larger cap alts like Eth. And then mid to small cap alts towards the end of this pattern.
It should get exciting here soon through the end of the year and into 2024.
Stay tuned.
Stew
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
