Regynald

Regynald

We are on the daily timeframe and the chart shows an almost symmetrical wave pattern in the Macro view. Following on from previous waves, the expectation is BTC continues to correct to the 30K region with a reversal expected around the middle of February for the next impulse wave. Resistance lines need to be broken and volume, RSI and other momentum indicators...

Regynald

Hi Guys, H&S is forming on the 4 hour timeframe and the peak coincided with declining RSI from the previous wave. I believe BTC will rise to 47K region on this wave and a larger and much needed correction will ensue. The tree may shake and those buying ADA and Dogecoin will realise they bought a handful of fruit. lol :) BTC will then power on from a retest of...

Regynald

Head and Shoulders bottom on the 4HR indicates further upside. This is a crucial period with the neckline from the confirmed long term H&S being around the $44K area. The short term H&S reversal suggests more upside but with the potential to reverse off the prior neckline. Crucial period for BTC.

Regynald

BTC is forming a Head and Shoulders Top on the daily. BTC has broken through the lower ascending channel line and confirmed. A way to go before the H&S formation hits the neckline but I'll be keeping a watchful eye and my powder dry on the longs until this plays out. $47/$48K to complete the pattern. This is not trading advice, but the simple thoughts of a...