Bitcoin/USD rates (December 17th 2020 through January 17th 2021)
Low: $22,096-$22,663
High: $25,574-$26,657
Great news everyone, Bitcoin finally surpassed that $20k high everyone has been talking about.
I have a couple theories but the one that sticks out the most to me is the potential for the bitcoin top to flop out around $25k-$26k.
Potential correction to near $22k could be possible before finding the final top so we could have sideways moves to help play out alts a little bit but it seems like we are on a rocket ship headed for $25k right away. There is a VERY weak potential for a high towards $29k, $31k, and even up to $41k, but my TA skills are not that great so I cannot predict exact tops.
January 17th 2021 is my latest estimate but there's potential for it to happen much sooner than that.
After all this is done, I believe a significant crash is imminent. Something under $10k, with many quick stops along the way. I will try to come up with a chart for that but in the meantime, here's what I perceive in the current time frame for bullish moves.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Low: $22,096-$22,663
High: $25,574-$26,657
Great news everyone, Bitcoin finally surpassed that $20k high everyone has been talking about.
I have a couple theories but the one that sticks out the most to me is the potential for the bitcoin top to flop out around $25k-$26k.
Potential correction to near $22k could be possible before finding the final top so we could have sideways moves to help play out alts a little bit but it seems like we are on a rocket ship headed for $25k right away. There is a VERY weak potential for a high towards $29k, $31k, and even up to $41k, but my TA skills are not that great so I cannot predict exact tops.
January 17th 2021 is my latest estimate but there's potential for it to happen much sooner than that.
After all this is done, I believe a significant crash is imminent. Something under $10k, with many quick stops along the way. I will try to come up with a chart for that but in the meantime, here's what I perceive in the current time frame for bullish moves.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
