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$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 even lower by the end of this week.
All in all, I'd say the stats are looking very bullish and this is not something I would short against (I'm sure many will after taking this high).
Personally, I am holding my long from lower (shared in advance in the free Discord).
Send it higher.