FaustDick
@t_FaustDick
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FaustDick
BTC is moving within a clear range on the daily timeframe. Since we are in an underlying uptrend, the current range is bullish. A downside fakeout would be typical and could potentially fill the CME gap, but we would remain bullish.
FaustDick
Did people realise that Ethereum hit its historical lows on the monthly RSI in April this year? Some people are laughing at the idea of a target of 20k this year, but that would only represent a 20x increase from 2022 to 2025. In contrast, Ethereum achieved a 60x increase from 2018 to 2021.
FaustDick
It's as if we're reliving 2015–2017. 230k is just a baby step.
FaustDick
FaustDick
Just a reminder: These monthly candles may appear small, but they're all green for now. This doesn't look bearish; it looks like a buildup before an explosion.
FaustDick
This range looks like it wants to break to the upside. Maybe one more drop to 107.6K as a fakeout — but that remains to be seen.
FaustDick
BTC has been rejected at resistance for now, which was to be expected. More importantly, the price is currently trading above the golden pocket of the overall correction. This suggests the correction might be over and that we could eventually break to new ATHs.
FaustDick
BTC has to break $110,217.2 for good, and then I'd say we're off to the moon and beyond.
FaustDick
FaustDick
The S&P 500 has reached a new ATH. The monthly RSI looks strong as well. This could trigger an explosion into the target area.
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