Many thanks for the updates - highly appreciated!
What do you think of the analysis of Lordoftruth? He has been very bearish for a while and predicting BTC to go much lower into the 4.5k range based on this butterfly pattern?
Many thanks for the updates - highly appreciated!
What do you think of the analysis of Lordoftruth? He has been very bearish for a while and predicting BTC to go much lower into the 4.5k range based on this butterfly pattern?
Yes, 4300$ is my minimum target if 5920 is breached. I did not check if this bullish butterfly pattern is valid, but my fib targets are way lower than 4300$. A 88% correction would be 2400$.
Many thanks. As the TA outlook is currently positive, this is more like a theoretical possibility rather than something you expect to happen. Like it!
Exactly^^.