Bitcoin/USD rate (Nov 2021)
The drop this past week went a little bit lower than some of my bar chart pattern drawings were indicating. Not that they are right to begin with but I am keeping some old patterns up to compare later on.
If bitcoin doesn't get back to $69k in the next 2 weeks and get to $73k-$75k before the end of the year, then I think it could follow the path of the blue, white, and red candle patterns I have listed. It could just alternate along that trend too but do something similar, stay really boring at first and start to bubble up again in a few weeks.
The larger white and gray candle patterns are fractals I think we've alternated/deviated from.
Purple is what I had in my last chart.
Bitcoin can probably make it to $65k at least one more time before the end of the year, with an idea ending along $69k and personally I think up to $73k-$75k could still surprise us before the end of the year, but I'm not banking on that.
I think after these levels are achieved in this approximate time frame of mid Nov 2021 to mid Jan 2022, we could see a huge correction down to $30k-$40k price ranges. I think it has to happen again, at least 1 more time.
I'll say it over and over, I'll probably be wrong, but I'm taking notes of my thought processes here so I can look back and have fun with it :)
Previous charts I've built coming to this conclusion:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
The drop this past week went a little bit lower than some of my bar chart pattern drawings were indicating. Not that they are right to begin with but I am keeping some old patterns up to compare later on.
If bitcoin doesn't get back to $69k in the next 2 weeks and get to $73k-$75k before the end of the year, then I think it could follow the path of the blue, white, and red candle patterns I have listed. It could just alternate along that trend too but do something similar, stay really boring at first and start to bubble up again in a few weeks.
The larger white and gray candle patterns are fractals I think we've alternated/deviated from.
Purple is what I had in my last chart.
Bitcoin can probably make it to $65k at least one more time before the end of the year, with an idea ending along $69k and personally I think up to $73k-$75k could still surprise us before the end of the year, but I'm not banking on that.
I think after these levels are achieved in this approximate time frame of mid Nov 2021 to mid Jan 2022, we could see a huge correction down to $30k-$40k price ranges. I think it has to happen again, at least 1 more time.
I'll say it over and over, I'll probably be wrong, but I'm taking notes of my thought processes here so I can look back and have fun with it :)
Previous charts I've built coming to this conclusion:
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
