Get Ready for BTC bulls Revenge Plan to 26k, This NOV-DeC
Are you ready for $17600, $18800 bulls play. As if $16k was not bad enough, The bears beat the bulls all the way back to $15550. but was the bears breaking down below $16k a Trap on 4hrs.
Are the bears trapped? Late Nov 2022-Jan 2023 will shock the bears and here is why.
the bulls won't let this big push to 15500 range go easily on BTC .
Before you say btc is going to $14k which is more likely an even that will happen in 2023 in my Opinion(Opinions are a**holes so don't mind me)
But still The bulls looks like they are sleeping, Please Don't be fooled. The dump was a plan by market makers to clear early buyers out something called Capitulation. we will see $14k but definitely not in 2022.
I expect the pull-up to be fast 1st resistance I see is $17400 range but I will like you to look at support here as an area instead of a line so $17500- $18400 will cause a range and staleness and possibly a pull back to $17600 but Before getting to $17400 they will be pull-back that is likely at worst retest to $16200- $16k at worst we get a double bottom at 15600 but bulls will fight to hold the 16k support.
The real fun starts after breaking $18800 but I do see a rejection that could pull the bulls all the way back to the $16200- $16k depending on the strength of the bulls to out weight the selloff on the blue line in the chart below.
If they fail on 1st attempt to break above the $18800 control line, they will return and break it on 2nd or 3rd attempt but the chances of them succeeding is over %65.
This will give bulls the needed Backup Soldiers to fight back and the R will be snatched and turn into a support to burst their way to $19900 to $20500 resistance area.
This area is very tricky because of the previous Consolidation that occurred there extending the resistance area all the way to 21800 range, but the bulls won't back down as they will allow a pullback to attack again like 3 times before destroying it with a big grenade the bears wont see coming. Their target is somewhere from $25k to $26k range or they could even exceed this but for now that the major TA I see.
Are the bears trapped? Late Nov 2022-Jan 2023 will shock the bears and here is why.
the bulls won't let this big push to 15500 range go easily on BTC .
Before you say btc is going to $14k which is more likely an even that will happen in 2023 in my Opinion(Opinions are a**holes so don't mind me)
But still The bulls looks like they are sleeping, Please Don't be fooled. The dump was a plan by market makers to clear early buyers out something called Capitulation. we will see $14k but definitely not in 2022.
I expect the pull-up to be fast 1st resistance I see is $17400 range but I will like you to look at support here as an area instead of a line so $17500- $18400 will cause a range and staleness and possibly a pull back to $17600 but Before getting to $17400 they will be pull-back that is likely at worst retest to $16200- $16k at worst we get a double bottom at 15600 but bulls will fight to hold the 16k support.
The real fun starts after breaking $18800 but I do see a rejection that could pull the bulls all the way back to the $16200- $16k depending on the strength of the bulls to out weight the selloff on the blue line in the chart below.
If they fail on 1st attempt to break above the $18800 control line, they will return and break it on 2nd or 3rd attempt but the chances of them succeeding is over %65.
This will give bulls the needed Backup Soldiers to fight back and the R will be snatched and turn into a support to burst their way to $19900 to $20500 resistance area.
This area is very tricky because of the previous Consolidation that occurred there extending the resistance area all the way to 21800 range, but the bulls won't back down as they will allow a pullback to attack again like 3 times before destroying it with a big grenade the bears wont see coming. Their target is somewhere from $25k to $26k range or they could even exceed this but for now that the major TA I see.
Comment:
Microscopic update on #BTC(15mint)
I don't trade ranges but here,
I expect pullback to at least $16400-$15998 range as price consolidate as a result of the current bulls capital accumulates.
#Bitcoin
I don't trade ranges but here,
I expect pullback to at least $16400-$15998 range as price consolidate as a result of the current bulls capital accumulates.
#Bitcoin
Hide & Seek game to clear all shorters back to 20k in Nov 2022(15mints).
1st TA 17k tested and dusted
2nd TA 19k-20k.......?