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Cryptogasmic
Jan 9, 2021 2:27 AM

BITCOIN 44,000 SOON? 

Bitcoin / DollarBitfinex

Description

If we move away from the noise of the small time frame charts, we can see that there hasn't been a red candle on the 3 day chart since early December. Each candle opening higher than the previous close. For this pattern to continue and we wipe out the noise of the small time frames this could position BTC for 44,000 OVER THE NEXT FEW DAYS, HOWEVER, I would like to point out that we haven't had a consolidation movement for nearly 1 month so i wouldn't be surprised to see some sideways consolidation for 1 or 2 weeks. This would help us create some nice trading wedge patterns to trade which means we can trade up or down on the break outs for these consolidation zones.
Please trade responsibly
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