BTC - The Final Hurdle
Everyone is euphoric on the timeline, but there is one last crucial level BTC must get above to truly start the next leg of the bullmarket and this is what we call the "final hurdle". This level is right around $72,000. This is our 6th critical test of this level on the daily timeframe.
So you may ask, how do we know when this level is broken?
Normally I would say watch for a daily close and then a confirmation close to confirm old resistance has been flipped into new support. In the case we did have a daily candle close above$72,000 on Bitcoins run to $74,000 and then fall back below leading to a fakeout.
This means the confirmation lies somewhere else. The secret is embedded in the 3D chart.
Once price closes a 3D candle above $71,300, that will be the confirmation that the next leg of the bull market is beginning.
So you may ask, how do we know when this level is broken?
Normally I would say watch for a daily close and then a confirmation close to confirm old resistance has been flipped into new support. In the case we did have a daily candle close above$72,000 on Bitcoins run to $74,000 and then fall back below leading to a fakeout.
This means the confirmation lies somewhere else. The secret is embedded in the 3D chart.
Once price closes a 3D candle above $71,300, that will be the confirmation that the next leg of the bull market is beginning.
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