Wednesday Update - Bitcoin
Welcome back!
As you might have noticed, we slightly modified our count and are very confident in our estimation that the market established a MASSIVE triangle over the last 7 weeks. The bottom line of our projected “Leading Diagonal” has been adjusted accordingly, and this doesn’t invalidate the chart pattern in the slightest.
For everyone interested, check out the (a-b-c-d-e) triangle patterns and how they work. Additionally, we choose to publish a very detailed count of this triangle because we got messages from investors, who were unhappy, that our updates only consist of very simplified counts.
Take a look at these counts below and feel free to ask questions if needed!
This bullish scenario could only be invalidated by a substantial drop below the white line of the triangle or 26’965$, so mark these levels on your chart!
Please note that we are already invested in Bitcoin since the 15th of June 2022, back then we announced our first positions on tradingview.
Long Bitcoin (BTCUSD)
AVERAGE EXECUTION PRICE: 20’714.20$
STOP-LOSS: NONE
LONGTERM TARET: +120’000$