3 Month Intervals, Log, Inverted. (inverting BTC can sometimes help avoid bias provide a different perspective on price. )
- Looking at this objectively (as possible), BTC looks like it has broken resistance at $17,200.
- RSI looks bearish with a 4 year divergence that has broken the 50 band across multiple exchanges.
- Expectation: Possible retest of $17,200 to start the year before move beyond $13k with initial low target of $7k supported by a trend-based Fib extension.
Harbouring a macro bearish bias across equities and perhaps too much Robert Prechter recently so taken with a pinch of salt.
Best, HF
- Looking at this objectively (as possible), BTC looks like it has broken resistance at $17,200.
- RSI looks bearish with a 4 year divergence that has broken the 50 band across multiple exchanges.
- Expectation: Possible retest of $17,200 to start the year before move beyond $13k with initial low target of $7k supported by a trend-based Fib extension.
Harbouring a macro bearish bias across equities and perhaps too much Robert Prechter recently so taken with a pinch of salt.
Best, HF
Comment:
right no cue - BTC coming into 17,200 target
Comment:
17200 target hit