Technical analysis by TSFC about Symbol BTC on 10/21/2024

TSFC

Usually on Monday we publish analytics with a local perspective, but this time we have not enough information for a full-quality forecast.Nevertheless, this week is notable for the fact that a new EXP pattern has formed on BTCUSD on the weekly timeframe. It is notable that we have an earlier pattern from May 21👇And the new pattern is essentially the "big brother" of the smaller pattern and gives us more distant target levels (as is often the case with higher-level patterns, most likely not all of them will be reached).The fact that the formation of this model occurred through the touch of the trend line increases the probability of a test of $73,757 and $77,723 (but only increases, the level of uncertainty is still high).How's that for estimated levels?