🧵5/5 Not Investment Advice: Information is intended for general and educational purposes only. Not to be relied upon as forecast/research/investment advice, and not a recommendation to buy/sell any assets or adopt any investment strategy. Full disclaimers

🧵4/5 "There’s no real threat of a drastic sell off unless we breach the March 2024 high at ~$74k, so I expect the market to continue adding to longs on any dips."

🧵3/5 "In either event, we remain in the bull cycle and we will ultimately see prices well above $100k in the 2025. The Green count target is ~$160k while the Orange count target is ~$125K."

🧵2/5 "However, it is still possible that we’re experiencing a wave 5 (of Wave III) extension which will take us to $125k before a correction (green line)."

JG's weekly #BTC TA: 🧵1/5 "The price action this week hasn’t clarified which path we’re following. My favoured count remains the orange line below (Wave III has completed and I now look for a correction towards the ~$70 to $80k level)... " more from @john_w_glover 👇

🧵4/4 Not Investment Advice: Information is intended for general and educational purposes only. Not to be relied upon as forecast/research/investment advice, and not a recommendation to buy/sell any assets or adopt any investment strategy. Full disclaimers

🧵3/4 "The upward trend will be in place regardless of the election outcome in my opinion. Continue to be patient but watch the $49k level very closely as a break below there will negate the count and open up the downside."

JG's weekly #BTC TA: 🧵1/4 "The pennant (blue lines) held once more on a test of the topside and we’ve since seen a decent sell-off to current levels. The further along this pennant we travel, the less effective it is as an indicator of a continuation pattern."

🧵3/3 Not Investment Advice: Information is intended for general and educational purposes only. Not to be relied upon as forecast/research/investment advice, and not a recommendation to buy/sell any assets or adopt any investment strategy. Full disclaimers

🧵2/3 "The continuation pattern (blue flag pattern) increases confidence in the wave count and I expect that we will break to new highs in the early fall to complete Wave III. A break of the $49K level (low probability) would require a rethink of the wave count."

JG's weekly #BTC TA: 🧵 (1/3) "Despite the volatility of the last week, the technical picture remains unchanged. We continue to be in the completion of wave (4)/beginning of wave(5) (yellow line) of the larger Wave III (orange line). Key support level continues to be $49k."

Check out @john_w_glover comments

Q2 2024 Results are in 🎉 Thanks to all of our clients, new and old, for being a part of our community.🤝 Let's keep unlocking the power of your digital wealth. Together. 🚀

4/4 Not Investment Advice: Information is intended for general and educational purposes only. Not to be relied upon as forecast/research/investment advice, and not a recommendation to buy/sell any assets or adopt any investment strategy. Full disclaimers

3/4 "Continue to watch $49k as the key level to hold. If that fails to hold up, then we can sell off down to $39k - $44k. I do not consider this a strong probability."

JG's weekly #BTC TA: 1/4 "In my view, Bitcoin prices continue to follow one of 2 paths (Orange line and Yellow line below). In either case I continue to expect higher prices into year end. How high will be determined by which path we’re following." Read Part 2 of 4🧵👇

3/4 "I believe that we will bottom near current prices and will see the next move up to ~$84k into the year end. It’s hard to stay bullish in the face of corrective sell-offs, but as they say; “fortune favors the bold”!" 💎🙌 @john_w_glover

2/4 "The dip to $54k should have completed wave (iv), however in the above-mentioned thin markets, prices can extend below expectations with a few large flows. If we see a break below $48k, we'll likely see $44k before this sell off is complete, but that is not my expectation."

JG's weekly #BTC TA 👀🍿 1/4 🧵 "The week is ending on a volatile note as the thin holiday markets coincide with the supply overhang created by expectations of Mt. Gox-related BTC selling." Wave 3 (orange line) hasn't completed. We are seeing wave (iv) of 3 finalizing now."

3/3 Not Investment Advice: Information is intended for general and educational purposes only. Not to be relied upon as forecast/research/investment advice, and not a recommendation to buy/sell any assets or adopt any investment strategy. Full disclaimers