π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯
EVERYONE WANTS ALT COIN SEASON.
AFTER RUNNING SOME MODELS I BELIEVE IT COMES OUT OF NOWHERE IN THE 2ND AND 3RD QUARTER OF 2027.
THEY MIGHT JUST GO THROUGH THE ROOF.
πππππππππ
Plausible path:
Bitcoin forms a low in June (like it did in June 2018 and June 2022).
BTC rallies in July
SPX correction later in year which allows Bitcoin to finally bottom (most likely October)
Four year cycle wins again
Another #breakout#alert from this week's report with its Last Full Day and Pattern Negation Level labelling.
Type 1 & Type 2 conditions will offer reward/risk of 3.24.
A tight stop-loss placed at the last full day low can result in a stopped out trade but it will not result in a pattern failure until the pattern negation level is reached.
During any re-completion of the pattern, it can still be considered as a cup & handle continuation as long as price remains above the pattern negation level.
$BTC 3D update
So here we are - testing my $78k Major Resistance Level
I'm not surprised by this as I was the first one to mention this scenario back in early February πββοΈ
π $78k is a very serious Resistance Level, but if the bears are trapped in high lev shorts, we'll smash through the resistance to liquidate them (remember the $6k Resistance in 2019?)
From the TA perspective the next Horizontal Resistance is at $85-86k π