Have been asked if it is possible to forecast a near term target on this trade. The large time frames is more my thing folks, not a day trader and a rather poor swing trader. That said there’s a likely 160% move coming up should price action break out of the falling wedge as is shown on the 15hr chart below, which would be a return to April levels. Price action is trading inside an increasingly tight area with a breakout no later than June 10th. The near term target is a result of measuring the flagpole extension. Hope that answers the question!
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2-day BTC pair looks like
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up 40% so far
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A signifiant move is seeming likely in the not too distant future, just can't say when.
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Might be a good moment, current 4hr chart
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** Close swing trades - be long **
Daily chart shows price action printing a higher low in ascending channel with multiple strong buy signals across multiple time frames following a 40% correction from the upper side of the channel since early August.
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