New year, new month, new candle. Here Bitcoin on the monthly time frame, just to give us a reference from the long term chart and to show the bigger picture.
You can watch a Fibonacci extension from the very bottom to the first ATH and the confluence with the price action, there you have your next target for the following time to come.
Now, don't let bear traps fool you, all the price action above 35k still is bullish and the structure of HL would be intact.
EMA Baseline:
Red 12
Green 21
Purple 50
Gold 77
For more information lets dig deeper on the Weekly and Daily timeframe!
You can watch a Fibonacci extension from the very bottom to the first ATH and the confluence with the price action, there you have your next target for the following time to come.
Now, don't let bear traps fool you, all the price action above 35k still is bullish and the structure of HL would be intact.
EMA Baseline:
Red 12
Green 21
Purple 50
Gold 77
For more information lets dig deeper on the Weekly and Daily timeframe!
