BTC - a last dip before new ATH ?
The chart is in 3H cause couldn't zoom out more with lower timeframes :((
Pattern recognition at its best
since the low of the 10 October, the price action is an extremely exact copy paste of march/April ATH :
- A significant top, ATH for the first pattern and 3 months high for last week
- first take profits, to 200MA 4H for the first pattern, to 100 MA 4H, 4 days ago
- 2nd wave and 3rd wave higher than the second (almost hit ATH), the second wave has been made and BTC will probably make the third tomorrow
in April this followed a correction. The pattern was bigger in April in % price and in time, so we should see shorter waves and lower price movements now.
The conditions for this to continue as the last time and to see the last dip is to have a 3rd wave going around 69K :
- if we break above 69k the pattern get invalidated
- if we stay to long time above .618 fib extension at 66K3 the pattern get invalidated
_________
Careful don't mind me, I'm neutral on this idea, and will not do anything before seeing a clear path. What changes now from April is that the halving was priced in way before so I'm seeing also lot of reasons why prices could just go above 69k and fly from now
_________
Last but not least, BTC is for the moment following the orange path from my precedent idea, putting my target for fall 2025 at 240K, but this can change a lot
Good Luck
Cheers
Pattern recognition at its best
since the low of the 10 October, the price action is an extremely exact copy paste of march/April ATH :
- A significant top, ATH for the first pattern and 3 months high for last week
- first take profits, to 200MA 4H for the first pattern, to 100 MA 4H, 4 days ago
- 2nd wave and 3rd wave higher than the second (almost hit ATH), the second wave has been made and BTC will probably make the third tomorrow
in April this followed a correction. The pattern was bigger in April in % price and in time, so we should see shorter waves and lower price movements now.
The conditions for this to continue as the last time and to see the last dip is to have a 3rd wave going around 69K :
- if we break above 69k the pattern get invalidated
- if we stay to long time above .618 fib extension at 66K3 the pattern get invalidated
_________
Careful don't mind me, I'm neutral on this idea, and will not do anything before seeing a clear path. What changes now from April is that the halving was priced in way before so I'm seeing also lot of reasons why prices could just go above 69k and fly from now
_________
Last but not least, BTC is for the moment following the orange path from my precedent idea, putting my target for fall 2025 at 240K, but this can change a lot
Good Luck
Cheers
Nota
BTC following the pattern at perfection for now, ill look closely at 1H all day to make my bias and decide on taking actions or notNota
invalid bulltard mode activated B)
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