cerealindicator

as long as we stay above mPOC and VAL weekly i expect the trend to simply continue from where it was during the last breakout. during other bull markets the break to new all time highs led to doubling in price. this is a market that will continue to chop around, but remain bullish as long as there isnt a major crash. the last all time high was in the mid to high 660KS region, so i expect the next top to be in the low to mid 120ks. there is a lot of room to work with to keep this momentum alive for bulls.

if we complete the hourly bull flag i would absolutely hold onto a long dogeusd position in the hopes we break this high and shoot for $0.50 soon. its not impossible that, like in other bull markets, dogeusd could still double to reach for $1. in the interest of skepticism i would say sell this if it breeches the dOpen and heads for the $0.37 area.

the quarterly chart in logarithmic price shows the cyclical arrangement of bull market breaks to new all time highs on the curve. the current bull market has the typical shape of each other breakout in the time cycles along a logarithmic pattern. shown are the logarithmic trend max and channel. this indicates a move inside the curve. during these periods btcusd tends to gain 80% over 3-6 months. im remaining buy sided btcusd for the foreseeable future targeting 124k by april 2025, stop loss as low as 59k.

we have broken out of the channel weekly and are trying to confirm another higher daily low in the pattern. sequencer has not completed its bull exhaustion pattern, and we havent lost trama although it isnt rising yet. supertrend is still in a holding pattern, but the larger move hasnt brought us down to signal at this top yet. new all time highs are still the target, and i wouldnt be surprised to see this confirm a breakout and head toward 79k. im interested in smaller moves, and ill be using BITO during normal trading hours.

no. usually bitcoin continues to hit new all time highs when it double tops at resistance and breaks through on higher timeframes like the weekly. the daily may be overbought, but look for this to push toward 79k soon.