Bitcoin – November 25, 2024

Last post on Bitcoin: https://atomic-temporary-44460632.wpcomstaging.com/2024/10/29/bitcoin-october-29-2024/

The chart above was from about a month ago as it was pretty evident that Bitcoin was about to take off … and, boy did it!

It blew thru the ‘first test’ which was the ABCD and then it slammed into the first ‘potential target’ around 98-100.

What’s interesting – and not that we can make it a 1:1 correlation is MSTR. Microstrategy …

Slammed right into a ‘perfect’ 1.618 extension along w/ near perfect percentage measured moves. I totally blew it doing the measured moves and did NOT do the percentage measured moves and, that brought us to a target of around 420. If I used the percentage measured move – near perfect slamming into a 1.618 extension.

Folks, IF my count is right AND MSTR is down 25% in a few days then, perhaps we have hit some strong resistance for the Coin.