Bitcoin

Like I said three months ago, we are going to have a prolonged flat, from which we will go up.

The timing was almost exactly as predicted.

As we saw in this flat, there was a bearish sentiment amongst many and the upward momentum was triggered by the fake news about Amazon.

On the chart we can see how we did not break the resistance line the first time, we have corrected and now we have broken this line, we need to consolidate above this support line to continue rising.


To reach the 47-51k zone

Why this particular range?

1. This is the 50-61.8% Fibonacci level;
2.there is the neck line of the global head and shoulders pattern;
3. large horizontal volumes.


I assume that in this range we will hustle for 2-3 weeks, form some kind of fake upward continuation pattern and at the most responsible moment we may go down.


Over 2-3 weeks of flat, I think some alts will make good moves.


Be careful of short positions, now it is fuel for growth.

Best regards EXCAVO