Bitcoin perform a nice bullish movement in 2023 with unparallel channel up pattern,
this pattern will continue perform till the end of 2023.
Right now bitcoin already reach channel up resistance with small pump at October 23th.
At previous pump (june 21th), BTC perform correction wave with bullish flag, but it failed and break down to fibonacci 50-618 at channel up support.
WAIT and SEE
at next movement (November - December), we can wait another similarity from previous pattern with same correction to reach channel up support around fibonacci 50-618 at 30,000-29,000 to re-enter the market and aim for next bullish with target at 38,000-40,000.
But if bullish flag break up, 40,000 will reach earlier as bullish flag projection.
I will update this analysis if I have a new pattern.
happy trading, dont forget to support me ^_^
this pattern will continue perform till the end of 2023.
Right now bitcoin already reach channel up resistance with small pump at October 23th.
At previous pump (june 21th), BTC perform correction wave with bullish flag, but it failed and break down to fibonacci 50-618 at channel up support.
WAIT and SEE
at next movement (November - December), we can wait another similarity from previous pattern with same correction to reach channel up support around fibonacci 50-618 at 30,000-29,000 to re-enter the market and aim for next bullish with target at 38,000-40,000.
But if bullish flag break up, 40,000 will reach earlier as bullish flag projection.
I will update this analysis if I have a new pattern.
happy trading, dont forget to support me ^_^
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