There's now a higher probability to go down but no worries if we do this is a good thing. ( as explained in the chart ) I'm still extremely bullish for Bitcoin this year. Y'all gonna have a nice Christmas.
Bitcoin is doing what it supposed to do! All the bears about to get rekt. #BEARSGETREKT
H&S target played out well... Ascending triangle still intact.. will it hold, let's see. If we break this support the triangle failed... FOLLOW ME!
If we lose the purple line and the 200 dma, I see us going back to the 42.6K level then I expect a major bounce to the upside. As long bitcoin holds support and breaking to the upside I expect a lot of resistance at 50/51K. Possibility that bitcoin will revisit the purple line or even the 42.6K before taking off to higher levels.
It looks like bitcoin is forming a ascending triangle, with a target of approximately 51K. This is in my point of view a huge resistance zone were I expect a decent retracement before we will see higher prices for Bitcoin.
I wish you all a nice ride! Follow me if you like my content. Cheers!
Couple of weeks ago I posted this chart. Support en resistance lines acting as expected. If we don't break resistance before the weekend 42.5 K is a nice spot to buy back in. It's a long way but if we can manage to make 51K as new support, 84K will be inevitable! If you like this content don't forget to push that follow button. Cheers!
Bitcoin between support ( 200DMA ) & resistance ( 0.5 FIB ) If we break the 0.5 fibonacci we can expect to hit my price target of 51K before we see a larger pullback. But, if we lose the 200DMA i expect a quick recovery from 42.6K then up to 51K. Btw don't forget to follow me if you like this content. Cheers!
INV H&S TARGET HITS BIG RESISTANCE ON WEEKLY TIMEFRAME PULLBACK TO .618 CREATING A C&H 88K TARGET 1.618 THAT WOULD BE A 10 X FROM THE START OF THIS BULL RUN If you like this content don't forget to follow me.
My expectation are 70% up - 30% down. If you like my content follow me ;)
Few weeks ago I posted a chart ( see link ) and it looks like Bitcoin is trying to do the same as it always did after July during a Bull run.
Real volume yet to come! Follow me if you like this content
This can be a possibility for Bitcoin in the near future if we don't manage to break the resistance today or this weekend. Overal I'm bullish AF for the near future.