we might fall to these levels so keep an eye out: 62,250 60,250 53k ( i don't think this will be touched)
the targets to the up side is totally unknown, I can give you fib line numbers but there not as powerful as the numbers I'm giving you here so i will update you right when i get the info below in the comments.
stay safe wicks are always possible
goodluck
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all targets hit but it didnt move in the time frame we wanted
weekly closed under 65k again and that isnt good
if any of you are stuck in a long get out at 65k once hit, get out and wait for a weekly close back above 65k for a better entry
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im comparing this play with when BTC was at 12k look at my past btc charts for a refresher
65k is a good long exit just to be safe....
46k-48k is a great buy back (if this level breaks we will lose our higher highs and short to mid term wont be good)
with crypto anything is possible so i have to mention the strongest BTC was ever @ 34k
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for that refresher of BTC at 12k check out the related idea down below
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first buy back hit @ 46k-48k
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btc has to close the weekly above 65k to stay bullish!! don't get your hopes up for anything until then
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(original chart)
we are in an obvious short to mid term downtrend, 46k is the second strongest btc was ever at....... it wont be easy to break it but if it does well see the strongest level btc was ever @ 30k-34k
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(simplified chart)
i don't like saying this but BTC dominance isnt falling..... its literally about to die eth is killing it. we can tell that we hit the ichi cloud + the red resistance line and fell strait down to confirm resistance. the only support line we can pray to save btc is 46k.
I would wait for the weekly to confirm where were going.
if the weekly closes under 46k, that means gg were about to die or bear trap.
if its a bear trap the buy back will be fast and strong.... if its not then well wake up to 34k
if we close around 46k - 48k there's a high change btc will stay around these levels till it makes a dissention
only time will tell. BTC dominance isnt too hot so be safe
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what a save 46k!!! lets see if this channel can finally break
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65k here we come (:
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scenario 1: the ichi cloud + TD 9 + bottom of channel will protect it and bring the price back into the main channel above (46k-65k) bottom of channel is 46k - 48k
and that would mean we head back to 65k
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scenario 2: we go back to 46k-48k and confirm resistance, mess around from 40k to 48k and at some point break it to fall back to the strongest level BTC ever had = 30k-34k