Gold Cup n Handle measured move to the upside. 10 year of pattern development. you might expect the move might take also time, but due to explosive money printing and it might be faster than people expect.
Seller exhaustion on XMRBTC with Engulfingh daily candle
Theta has retraced 0.786 pocket after each pump, before going for another new all time highs. Alerts set at 4330 Satoshi area for a nice 4:1 long play.
If Price closes above 12300 we have pretty strong buy signal with Three White Knights candle stick fomation with good momentum upwards for another crazy move :D
Breakout from the triangle for another 8000% run gives us target of 1 million usd.
Weekly 20 - 50 MA Golden Cross Starts the next bull run. Target 500k - Infinity
Long term position risk reward ratio is looking very good. Reduce the risk by averaging in over the next 2 years. Good hedge against National currencies and vote for free market.
It looks like every dip is being bought very quickly this as more money is being thrown behind bitcoin. Short correction phases we had during last bull market do not occur and are bought up quickly. hodl, long and dont get liquidated.
Overleveraged longs are down, so we can go up again
BTCUSD is testing the triangle support, most likely needs to get rid of some of the shorts before going further down to test 6.5 area.
Buy 7900 Target1 8150 Target2 8310 Target3 8540 Sell if 7700 breaks. Give it 1-5 days to find it's way back to high volume nodes and Point of Control. Add more to your position during dips during uncertain times full of fear.
I think the G20 Relief euphoria pump got us way overbought so looking for a correction to lower support area.