So my call is looking good. Clear break above resistance downtrend line and climbing towards next fib level. Looks like we break wedge on 4/20 ;) and can see a rally to 12k over the next 30 days--be clear that there is still resistance around 12k as we can get thumped back down on profit taking + bears shorting + technical resistance from bear market.
Bitcoin fundamentals have never been stronger, though we are stuck in a falling channel. BTC is ready for lift off once we break. Shorts went parabolic yesterday--so crazy to think I made and nailed this call yesterday. I'm looking at bitcoin to be 10k by May.
Here is a better view of what I am seeing in bitcoin currently. We have resistance zones (red) setting up here. Bitcoin looks strong enough to stay within this channel. If we break 9.3 k, it is a strong BULLISH signal for a push back to above 10k by hopefully the end of February.....and at the time of writing this BOOM goes the dynamite through Resistance 1.
My positioning currently. This is my setup for a perfect trade in the short term. Bitcoin is looking very healthy on a reversal, but we still have some resistance zones to get through. 10k will be a psychological barrier--only a break above 10k will give us enough rocket fuel to pump to 12k and smash us right back into this uber bull trend.