Hello Dear Traders,
We are moving as planned as in my previous chart. I wanted to get a closer look so this is 4h. There are 3 different paths to take. In my opinion, Path 2 is the most likely one. If BTC plans to move to 30k, it will need this congestion first and then another one in order to break the downtrend lines with enough power. With this volume, MACD and RSI values, i don't think path 3 will happen, still there is always a possibility. There is a 4th path that I did not include in the chart. The 4th path is that BTC breaks the first downtrend line directly by topping the price range 9k-9,3k. Even then, it might get back to its downtrend position. I don't think it is the way it will happen, that's why I didn't put it in the chart but still it's worth mentioning. On the other hand, path 1 has strong possibility too, after the first bounce, with enough strength BTC may break out sooner.
As my personal targets,
5800-6500 to buy
16800-18800 to sell, which I think we are just a few months away, moreover buy later from 12k and sell at 29k but for now this is just dreaming.
Last but not the least, to quote from Warren Buffet;
"The Stock Market is a device for transferring money from the impatient to the patient."
Have a nice day.
We are moving as planned as in my previous chart. I wanted to get a closer look so this is 4h. There are 3 different paths to take. In my opinion, Path 2 is the most likely one. If BTC plans to move to 30k, it will need this congestion first and then another one in order to break the downtrend lines with enough power. With this volume, MACD and RSI values, i don't think path 3 will happen, still there is always a possibility. There is a 4th path that I did not include in the chart. The 4th path is that BTC breaks the first downtrend line directly by topping the price range 9k-9,3k. Even then, it might get back to its downtrend position. I don't think it is the way it will happen, that's why I didn't put it in the chart but still it's worth mentioning. On the other hand, path 1 has strong possibility too, after the first bounce, with enough strength BTC may break out sooner.
As my personal targets,
5800-6500 to buy
16800-18800 to sell, which I think we are just a few months away, moreover buy later from 12k and sell at 29k but for now this is just dreaming.
Last but not the least, to quote from Warren Buffet;
"The Stock Market is a device for transferring money from the impatient to the patient."
Have a nice day.
