$BTC Now that price took out the weekly and monthly high, things are looking very good for continued upside into price discovery.
Weekly Timeframe
- Only 8% of weeks would take out the weekly low
- 97.6% of bullish weeks move higher
- The 90% and 80% confidence targets are at 125.2 and 125.6k respectively: price discovery
Monthly Timeframe
- Only 12% of months would take out the monthly low
- 100% of bullish months see further displacement
- Monthly 90% confidence target is at 131k
Given that the weekly will most likely be bullish, the risk of taking out the monthly low will most likely be eve