Where Will Bitcoin (BTC) Go From Here?

Even though the market has been extremely brutal, there are some key levels I'm looking at to start buying/DCAing into Bitcoin.

The indicators I have on the chart are the Whales buy-sell indicator (mine), VMC Cipher B (free), and the RSVP Extractor (mine). I have the Weekly chart up for BTC because that gives the best overall data for buying support whenever you have a downtrend as strong as we've had.

As you can see on the chart, the next major level of support is around 19-20k. This was the previous ATH in 2017 so it's obvious why it's a big support now. Along with this, I also have a huge descending wedge draw (teal lines) which is a bullish pattern that usually breaks to the upside. With that said, we can technically ride the trendline support all the way down to 12k which seems horrible (but it only is if you're not ready for it). The big things I'm looking for is a "Buy" signal from the Whales buy-sell indicator, a Green dot from VMC Cipher B and the RSVP Extractor to start curving to the upside. Until then, I will lightly DCA at 19-20k, 16k, 12k, and even 9.5k if we get there. If we do bounce from here, there is big resistance near 25k (previous wick down and 200 EMA) and major resistance at 30k.

TL;DR
Major support levels for BTC: 19-20k, 16k, 12k, and 9.5k
Major resistance levels: 25k and 30k
Possible descending wedge forming with major confluence support at 12k

If you enjoyed my TA and have any questions about it or the indicators I use, please leave a comment below or send me a DM :)