BTC bull(ish) chart 28th of November 2022

Robi_Nitu Updated   
Hi guys,

This is my latest BTC chart with the price projection going into next year. I reviewed my previous ones, always seem to get the price levels right (tops/bottoms), but rarely the time needed for the moves. So take the time period with a grain of salt.

In my opinion the C wave of the correction is at the bottom. We should be seeing price move up in the following weeks. I had an initial calculation that suggested the 23rd of March as Ann important date, seems that after the FTX debacle it's going to stretch longer into the summer of 2023.

The price target for the next move up sits in the 84k area. I will be updating this chart upon further development.

RSI weekly potential bull div, Stoch RSI "almost" oversold, EW count - 5 waves, Fibo 0.9 retracement from previous 2020 breakout.

Invalidation : weekly close under 13.800$

Happy hunting !
Trade active:
over the 17k mark, let's see if the bulls stick to the plan.
Trade active:
over the 18.800$ levels, a daily close over 20.700$ confirms bull market breakout
Trade active:
We got to 26.7k and rejection followed. It sure seems at this point that my bottom blue trend line is being challenged. If we manage to get inside the blue outlined channel I think this scenario is confirmed 90%.
Trade active:
looks like 33.5k is the next major resistance, when it breaks 40k will come fast
Trade active:
Uptember 2023 ... 10 months update : it's become clear to me that time wise this is not going to happen (unless we get like 4-5 green weeks in a row starting NOW) ...price target remains valid as long as we don't lose 25k area. I will keep updating.


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