BTC dipping on the weekly

От ChipGutman
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Linked the chart, I'm going off of on this one because it looks to have aged well. Money has been swelling into BTC and looks overbought on a few different timeframes. Alts have been the play.

Assuming we don't have a wild flash crash like the last to 4k... I've got major buy orders on BTC at ~$8,1K. Following the Fractal on this one. Markets are silly at this point.


BULLISH AF ON Q4 AND 2021
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Can't say the weekly outlook has changed besides an adjustment buy orders from ~8.6-9.4K.

4 HR looks bullish rn.
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Looks like 11K will be the top on this pamp. Still targeting a move in line with my target above before the election.
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Side thought - Alts are typically leveraged BTC positions. Will pump when the market pumps. Flip, rinse, repeat
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Seeing a bullish twist on the Ichimoku on the 2hr.

Other than that glimpse, we are taking a dive deeper passed 10k in the weeks to come
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Would be closing this trade if I was actively trading the 3-day. See some upside on the shorter timeframe between the 1h and daily. All and all looks choppy rn.
BTCUSDFractalMultiple Time Frame Analysis

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