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This consolidation looks textbook

jondoe - 2024-10-10 21:00:30

The monthly bitcoin chart looks fantastic


For those wanting a breakout right now, well they might be just a little too early.


If we zoom out a bit and look at the monthly chart, it looks downright fantastic:



(Source: https://x.com/rovercrc/status/1844437993727176872/photo/1)


We have a bull flag that made a higher higher and now pulling back into the consolidation support zone.


Once we break to the upside the measured move takes us right over $100k.


The setup looks great, we might just have to wait until after the election before the breakout.