the COIN update ..

SHEESH …. all I can say.

and, objectively, STRICLY LOOKING AT THE CHARTS, this sure looks/smells like 3rd of a 3rd action so I’m updating my count.

it BLEW THRU the first two targets at 23K and 34K and now I’m eyeing 43-45L and 51K

does this mean the run in bitcoin is over – I DO NOT think so.

as you can see, I believe we have higher to go, much higher.

coming up w/ targets allows one to manage risk and, potentially, pyramid for doubling or tripling of prices in the future.

what should we expect – VERY violent and liquidating corrective moves (operative saying – corrective) to give one an opportunity to ADD their to ones position.

for those w/ an equity only account here’s GBTC the Bitcoin Investment Trust. nice target hit (a 1.27 extension and 3.142 projection) w/ a pullback occurring – BUT look at the size of the candle and the appropriate volume. glad SOMETHING respected a level (LOL) but don’t think it’s the end of this wave – yet.

bitcoin … who’d a thunk it.

good weekend to all of you – Bart

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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