Theory. If BTC do an Inverse H&S, would play out as going towards $60k end of year 2022, retracing to $30k between the coming months of 2023, consolidating and uprising towards $60k again breaking up. end of target $98k.
RSI, would rise like 2018 meaning we had reach $60k or close to it. then consolidating to areas of not oversold but lower. similar as 2018. gaining momentum as we try breaking ATH. for setting a nice 92/96 RSI
new ATH
BTC-Bitcoin Halving is set for 2024 april 2 or sooner. by that time we should be ready for the bull market, real price discovery might happen 2024.
Reason. we had force selling from miners. china ban./ then having leverage force selling. $$$ on sidelines waiting to play this monthly pattern. not looking at daily or weekly.
Moving Average would act as support for a while during $35k weekly chart. if IH&S plays out.
Final target $130k? then Correction A.K.A Bear market?
RSI lines are for MONTH. ignore Weekly
RSI, would rise like 2018 meaning we had reach $60k or close to it. then consolidating to areas of not oversold but lower. similar as 2018. gaining momentum as we try breaking ATH. for setting a nice 92/96 RSI
new ATH
BTC-Bitcoin Halving is set for 2024 april 2 or sooner. by that time we should be ready for the bull market, real price discovery might happen 2024.
Reason. we had force selling from miners. china ban./ then having leverage force selling. $$$ on sidelines waiting to play this monthly pattern. not looking at daily or weekly.
Moving Average would act as support for a while during $35k weekly chart. if IH&S plays out.
Final target $130k? then Correction A.K.A Bear market?
RSI lines are for MONTH. ignore Weekly