ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: ItsAllCyclical who wrote (25514)	5/15/2021 3:51:33 PM
From: ajtj99	Read Replies (1) of 96636

IAC, I agree with your read on BTC. Support is coming in around 45,500 right now with the daily full stochs in an area that has pivoted price off a low. Below that is $42,000. I think it is in a multi-month consolidation that still may have one or more months to go before resolving up, similar to the 2019-2020 consolidation. I think the 38,000 to 42,000 level will hold during this period based upon the prior action of price. It's bullish that the weekly indicators are re-setting into mid-range during this sideways churn, but they may have more to go. Daily BTC:

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