As you can see the direction is down gonna bounce on what I hope to see as support but not likely we'll see
The green box is a good buy zone!! We'll prolly get to 60K maybe then back to 40K at least maybe lower
It's almost near perfect I made this chart 2 weeks ago with the green box as the buy zone and the descending bear flag indicating a break to the downside and it played out exactly as planned and nice sell but now we may consolidate for a few days and looking to breakout bullish we'll be awaiting confirmation
According to the fibs we are to hit the $53K maybe as far as the $55K but T1: 49,903 T2: 51,155 T3: 53,443
I think it's about time to admit we can't keep going up forever and there are levels down at the 20K zone that we never got back to when BTC took off after the pandemic I could be wrong but if you'll look at the circled tops I have here the patterns look awfully similar to the pattern right before the big dip to 30K just food for thought
Getting back to the top of the channel before new years seems pretty likely headed to 70K now
Next is target 2 which is the level of support we really need a retest of before moving higher
Looks like it'll be going up harmonic patterns indicate around 55,300 at least
We have been consolidating in between the 47,300 and 44,000 range for a week almost 2 I wonder when we'll break out but for now looks as if we're headed back down to the 44,600 range
The chart speaks for itself but we'll be headed down to my buy zone maybe even further before moving to the upside. I'm thinking 42K is the bottom although it could be around 38K
As you can see the pattern bitcoin moves in cycles or waves just like every market and with this particular pattern that it's developed I'm thinking after this slight move to the downside we will see a 6% price increase at the very least and hit the 46K region. Although I'd love to hear your thoughts on the matter..... BULLS are gonna run this to 100K by the end...
In most cases, past results do not indicate future results but as we all know BITCOIN is not the most cases
The chart speaks for itself. These are patterns I've spotted and since they are reoccurring the likeliness of the same thing happening this time are well likely. Although I'd like to know your thoughts in the comment section.
According to the Fibs we have to touch 40K again before we can dump what do you think
Well we should be touching 40k before seeing a big retracement even at 40K I don't think we'll have that big of a retracement maybe to the 38K than on to 47K
Well I think we've touched the bottom either we're going back to 40k than 75K then see another 80% drop which I could see happening we'll wait and see
Harmonics indicated small move to the upside which already occurred now we see a violent downward move