Looks glum, but look at this textbook wedge. I am anticipating a retrace.
If .382, then $41,5K; If .5, then $42.8K; and If .618, then $44K.
Given the hidden bullish divergence on RSI, at a minimum we should see $41.5K soon.
Btw, now is the time to accumulate for your future. Wealth is created as a result of bearish times.
This is not financial advice, instead,...
"What we have hear is a failure to communicate..." urrr... or an ABC correction. Look out for that $50K - $55K area. Hidden bullish divergence on the RSI tells me that we are headed there. That is where I will de-risk a bit.
"Hey ma! Look, no hands!" That's right kiddies, BTC going to $44K. You heard it hear first. :-)
Oh... but look for a sell-off to $36K first which doesn't invalidate the pattern. Actually, it would make it even more head-and-shoulder-ee. :-)
Do you want to turn your BTC into 15% more BTC? Then buy PaxGold/BTC pair. See the chart. Bullish "W" patter w/higher low and it's a bullish ascending wedge. Plus, gold IS BREAKING OUT!!!!!!
This is not financial advice :-)
So, Bitcoin is bullish. Targets are on the chart. The most important target is the $55.5K level as that is basically a .618 Fib retracement of this decline that began in November '21. If we don't get rejected there and can consolidate on top of that target, and use it as support, then I anticipate a move back to ATHs. That being said, I am sure that we will get...
Lookie here cookie ;-) Solana is about to make a move and I am in like Flynn. This is not financial advice, but this is better than smoking spice. Get in while the going is going and before it's gone. Peace.
When I stare deeply into the eyes of the Bitcoin chart, I see a graceful falling wedge with a few liquidity hunts. That is bullish in my book and I think that I am in love. 3 targets present themselves on the chart for Cupid's arrow, let's see if all 3 are hit. :-)
The latest move surprised everyone. So I bet y'all are wondering "when will it end"? My estimate is in 31 days. So, my guess is Bitcoin trades between $42.5K - $49.5K until late Jan. Still macro-long! Happy Trading!
I spy with my little eye and inverse H&S pattern about to play out taking BTC to $63K. The blue line is the .618 Fib retracement after the recent fall, so if we can close at or above $63, then we are on our way to new ATHs I believe. Cross your fingers and best of luck :-)
Giving you a look at the 5 day to show you how bullish is CRV. Making new highs and potentially closing outside the Bollinger bands on the 5-day. That implies continuation on the upside. This puppy is correcting after making recent all time highs which also means... ta da.... we soon be back in dat PRICE DISCOVERY. If you like De-Fi, you should own CRV. Not...