Everything is in Graph, just follow the clouds and stay zen for now.
This analyse is based on Weekly TF, less noise and more clean movements, i just used only ichimoku cloud as indicator.
After bears tried multiples time to down TheKing under 28k and failed constantly, we could get soon a new green market. Of course we could get a trap with a bad tricky news but the finality stay the same, BullMarket is not yet over, so we will up.
----------------------------------------------------------------------- Trading Parts : ----------------------------------------------------------------------- - First Target 38k - Second Target 40k ( after 40k break, we could start a super bullish movement ) - Third Target 88k ( preservative ) -----------------------------------------------------------------------
Last Target 160k unchanged from my last analyses.
Happy Tr4Ding !
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older analyse to 160k
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i invite you also to consider the CME GAP around 24k. The cloud is flat around this area, it means this zone is a big support area. We could next week get indecision or a trap to go take it. this is a possibility, keep it in mind and play safe.
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need to look 35k as a first resistance on H4 TF to start to break bearish trend. ( used futures + EMAs )
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confirmed 35k resistance on D1 ichimoku cloud ( Futures ).
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Bullish but be carefull this Zone.
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Down Trend Breakout. have to wait to finish this weekly Candle Correctly to confirm.
Trade active
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Follow the path of the Cloud. This analyse was particulary revelant.
May be people wanna take their investment out the market before Xmas holidays...
thecryer
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@myukstudio, or maybe whales want to grow BTC for people's have a better Christmas :P
bestfarbit74
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we had impulsive move so a small correction needs to keep moving upward pressure I think
thecryer
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@bestfarbit74, right very good idea bro. also what i look is CME assets managers, for now they are still shorting the market 48% long vs 52% Shorts. 35k is important zone to break to be free until 42-43k.
bestfarbit74
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@thecryer, yes still possible to drop one more time. I consider it too but actually I don't trust what CME show us, it could be tricky as the big players already could buy on OTC contracts that CME doesn't show it
thecryer
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@bestfarbit74, yeah OTC are shaddy and we cannot monitorate that.
bestfarbit74
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that would be great
thecryer
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@bestfarbit74, yep bro. not many scenarios right now.
watchtrend
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Bitcoin looks to breakdown into the trend
thecryer
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@watchtrend, not sure as it bounced on the clouds but we are in some kinds of momentums. i am always very prudent with traps.