A nice Head and Shoulders Pattern make BTC move upwards and the price HIT 24,171$ as it's new ALL TIME HIGH.. So this new point can activate our ABCD pattern that we talked about it in last idea.. BTC now need a little bit correction to last ATH but after that it's going to move upwards to the Fib levels as I marked for you on the chart.. BTC first target will be around 26,600.
I will talk to you about price action near Fib levels later on, so STAY TUNED..
Feel free to ask me your questions about this analysis, I'm here to help you.. Your likes, comments, shares and follows will give me a lot of energy. So I'll be so happy if I you do these if you liked the idea.. :)
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Head and Shoulders Pattern is completed and it's target is hit.. Now I expect a pull back before starting to move to Fibonacci targets..
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It looks like the correction is breaking.. I'm looking for further price action for going to more interesting ATHs :)
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This possible Cup and Handle pattern is validating the idea about going to new ATHs.. We should wait and see if this pattern is going to complete or what?
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I've put my STOP-LOSS on 21700..
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If you zoom in the handle you see a beautiful Double Bottom pattern inside, this pattern is getting complete..
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The Double Bottom pattern is activated is activated!!! Bulls will push the price upwards.. tomorrow is the first day of the week.. Fasten your seat belts. 1: Double Bottom pattern 2: Cup and Handle 3: ABCD Harmonic Pattern 4: BTC going to the Moon
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I felt I like to share this fixed range volume profile in last BTC consolidation to you.. I think it has a lot to say about recent hours correction.. Feel free to ask me any question about it..
And if you don't know what is volume profile, I strongly recommend you to read this idea:
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1.272 Fib Level is hit and BTC has a new ALL TIME HIGH!!!! Congratulations Folks!!!!
Congrats brother..ondeway to fibo 1.272 ...awesome mapping
ArshiaZojaji
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@jarodpretender, Thank you bro, I believe 28,000 to 30,000 is the end of this wave and BTC will correct to 19,000 - 22,000.. Take care and enjoy the ride..
BardiaB2
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Very good Arash. Consider interpreting the longer-term trends, i.e. the massive bull run started in 2020, to determine the next short-term targets. Also, I'd like to know your ideas on the final top (before the bear market phase).
ArshiaZojaji
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@BardiaB2, Thanks Bardia for your comment my friend, it's actually Arshia :)
I believe my knowledge is not enough to analysis this bull market's final top, I think we're going to need a lot of details coming in upcoming months.. Because this Bull market is gonna be HUGE!!! A lot of capital of huge investors, companies and governments will flow into the market, And Crypto world is going to change a lot this year, I believe.. Fasten your seat belt and enjoy the ride..
BardiaB2
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@ArshiaZojaji, I'm so sorry Arshia. That's great work, keep going.
I think it's not a valid head and shoulders. Cause Left shoulder and the head seems to be at the same level. Another thing that should mention it is when you compare the bars and RSI , it seems that the market does not support the BTC for higher price.
In any case thanks for sharing your idea friend.