My opinion on the matter still hasn't changed. This is only an idea. Do I believe this is going to play out this way? I have no idea. It for sure could though so still something to keep in the back of your mind. The weekly candle will be closing in roughly an hour. Closing at current price would indicate a clear breakout from the chart pattern and actually locking in a potential (sickening) price target of $17,881 USD per BTC. I'll be keeping this chart as is and post updates from time to time to see if this very large time frame chart pattern plays all the way out.
On a side note, I do not have any trades open based on this pattern breaking down. Nor do I plan to either. Just following this purely for educating myself and anyone else who might gain anything from it.
On a side note, I do not have any trades open based on this pattern breaking down. Nor do I plan to either. Just following this purely for educating myself and anyone else who might gain anything from it.
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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.