I do think we have one more move lower here, but it should setup a large move higher that takes us past the previous highs we've had in April and July.
I think we should see a bottom take place either tomorrow or over the weekend and that should setup a great buying opportunity in BTC. I have bids set in the $25.6k-25.7k range. Support on the chart is at $25,663.
If we bottom there, then I think next week, we'll start the last and final leg higher.
The move should play out over the next month or so taking us into the 33K -
36K
range. The gray box. That's where you'll want to sell.
We're breaking up out of a rising wedge, which i believe will be a fakeout move higher, and then my guess is we'll break back into the pattern and continue lower after this move plays out.
I think we should see a bottom take place either tomorrow or over the weekend and that should setup a great buying opportunity in BTC. I have bids set in the $25.6k-25.7k range. Support on the chart is at $25,663.
If we bottom there, then I think next week, we'll start the last and final leg higher.
The move should play out over the next month or so taking us into the 33K -
36K
range. The gray box. That's where you'll want to sell. We're breaking up out of a rising wedge, which i believe will be a fakeout move higher, and then my guess is we'll break back into the pattern and continue lower after this move plays out.
