Bitcoin - Please be greedy and FOMO in!
- Bitcoin is absolutely pumping heavily right now, and there is not too much time for you to jump in, so you need to FOMO in ASAP and be greedy!
- The pump is real, and if you think this is a scam pump and we are going to go soon to 14k, then ...........
- The next target for Bitcoin is around 29k! In one of my next analyses, you will see why this is a very important level, so make sure you follow me!
- Bitcoin is currently approaching a significant resistance level, which is the 0.618 FIB + start of the FTX dump + start of the GAP. It's possible that the bears will step in temporarily, so keep that in mind!
- There is of course a possibility of a retest of the rectangle pattern, which is at 18,400. Also, it's a breakout level of the major trendline from August.
- If you haven't seen my idea from January 5, where I told you bitcoin was going to exponentially pump, check out the related section down below. Everyone was bearish back in the day!
- There is absolutely no bearish divergence on the higher timeframes, and the uptrend looks extremely healthy and powerful!
- This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. I share my trades privately.
- If we take a look at the end of the downtrend, we can spot a SFP (swing failure pattern), or someone can also call it a double bottom pattern. The neckline of this pattern is currently breaking out. A trendline from August is breaking out as well.
- From the Elliott Wave perspective, we are in the third wave of the third wave, which is the most impulsive phase. Also, you can see my Elliott Wave count on the chart, so check it out.
- Thank you, and for more ideas, hit "Like" and "Follow"!
Comment:
For much more detailed information, check out my analysis from November: "All of the reasons why the bottom is near (in)"
1) Bullish divergence on the weekly chart (RSI)
2) Falling wedge breakout
3) Elliott Wave completed (impulse or corrective)
4) Volatility was on all time low
5) Solana predicted bitcoin pump
More in my previous analysis: