This is a key zone for taking partial profits or closing positions entirely. On April 22nd, I published a BTC short based on my view that we are completing a Wave Y, with targets around the $50k region. Although Strategy doesn't track BTC 100%, I believe the correlation will hold for this move.
Possible Scenarios:
Price holds at $148 and continues the uptrend.
A move toward the $100 - $90 region (one of my primary targets).
Note: If neither of these levels holds, my main target lies between $64 and $56.
This is my outlook for the coming months. Please do not take this as financial advice or 100% certainty—always Do Your Own Research (DYOR).
Note: While the screenshot is in regular scale, the actual analysis is based on logarithmic scale for better accuracy.
UPDATE
Possible Scenarios:
Price holds at $148 and continues the uptrend.
A move toward the $100 - $90 region (one of my primary targets).
Note: If neither of these levels holds, my main target lies between $64 and $56.
This is my outlook for the coming months. Please do not take this as financial advice or 100% certainty—always Do Your Own Research (DYOR).
Note: While the screenshot is in regular scale, the actual analysis is based on logarithmic scale for better accuracy.
UPDATE
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.