https://substack.com/@facelessmagister
This is just what I see on the BTC/USDT chart on this particular day. It represents ‘Possibilities with a non-arbitrary probability that allows for planning and risk management’.
Granted that my plan for BTC is to hold for the long term with a bit of short term trading, what I see and opine would be skewed in this direction.
BTC is headed for $100k(ish), this is highly probable.
It likely wont just shoot up to $100k after breaching the above descending flag pattern - although this is no impossible, but it isn’t highly probable. It may head for $74k which is the historical high and then consolidate before moving on towards $100k without ever moving lower or the flag might fail in which case it could head for $50k and $40k.
For now, I’m holding on to my BTC holdings and observing how it treats the flags upper border, whether it can succeed as a new support or be a resistance to give us more opportunity to stack up on BTC.
