Extreme Momentum: Is $85,000 Bitcoin Possible Today?

On Bitcoin

Changed since their last video: cycle went from expecting up to leaning up.

Views

• Next days (next 1–7 days): Sideways: Manage the risk because we could be on a TD sequential nine top today, which means a pause, sideways price action, or potentially even a pullback for 1 to 4 days. ▶ 32:37
• Next weeks (next 2–6 weeks): Leans up: You could still see multiple weeks of further expansion. ▶ 04:38
• This cycle (next 6–18 months): Leans up (timeframe is our reading): there is a strong probability that 57K is the bottom of the market cycle, but it is not enough information in my opinion to say an overwhelming yes ▶ 14:50

If this, then that

• If The next bounce makes a lower high, then the neckline breaks, then no target given (this cycle): if it is, if it is a low high, well, at that point, you can say high probability that the bottom is in. ▶ 16:06

Levels named

• 93k: Target (Measured move of the symmetrical triangle, if it plays out): It will take you back above the yearly open. This would be very significant if it plays out. It would take you to $93,000. ▶ 06:32
• 92k: Resistance (Mid-range of the fib from the all-time high down to the current lows): $92,000 takes you into the mid-range of the all-time high down to the current lows. ▶ 06:48
• 57k: Support (Possible bottom of the market cycle): there is a strong probability that 57K is the bottom of the market cycle, but it is not enough information in my opinion to say an overwhelming yes ▶ 14:50

Their own position: Holding. this one will remain on the table. So, we will not be closing this trade because we had multiple TPs, TP 1, 2, 3