after btc broke and hold above the important 32k level it did a head and shoulders pattern but failed to break down
in this case we can expect one range as next target to the upside around 55k for the next swing high
btc might shakeout leveraged positions for a while longer in sideways action and then move to the target
my best guess with medium conviction, i have been buying dips during the last sharper downmoves
in this case we can expect one range as next target to the upside around 55k for the next swing high
btc might shakeout leveraged positions for a while longer in sideways action and then move to the target
my best guess with medium conviction, i have been buying dips during the last sharper downmoves
Comment:
while btc goes sideways for prolly another week, alts have time to catch up with btc a bit
Comment:
channel break doesnt mean much but in case btc breaks down lower, it could also turn into a ABC correction with good dip buying chance in the green box region. kinda uncertain direction now.
Comment:
hidden bullish div is in the chart
Comment:
took longer than expected, trend continues, updated channel:
Comment:
reached the target but can still extend into the 60k range for channel
Trade closed: target reached:
doesnt look like btc will go higher than 55k in the short term, there is too much greed in the market, especially futures traders who are getting liquidated left and right
