WarDaddy

WarDaddy Updated 

I have drawn out the current support level and other potential support levels based on prior price action to help traders prepare.

WarDaddy

The past 3 times bitcoin has generated this buy signal it has increased 165, 260 and 45% respectively. The current signal is looking to be the strongest of all. It has bounced off its strongest support and this could be the start of a nice run-up! HODL. Long live the king.

WarDaddy

You can see Bitcoin (BTC) about to move through this key Fib resistance level. Hard to say which way it will break but either way prepare for a major move to retest the 12,000 resistance (which is a brick wall so far) or back down to the lifetime dynamic support around 10,000. Should be fun!

WarDaddy

Here is my updated Bitcoin (BTC) prediction. We are likely headed down to < 10k. I have labeled some potential targeted places for buy-in.

WarDaddy

We will either: 1) bounce from this key level back up > 12k 2) break this support and fall to < 10k

WarDaddy

Predicting price to continue down to the 9.5 level where it will launch off dynamic and Fib. spiral support zones like a trampoline, liquidating any bottom shorters. I think BTC will head up from here but continue its consolidation within the wedge.

WarDaddy

Readjusting Bitcoin's lifetime dynamic support for the dips in Sept., Dec., and this recent January dip....it's plausible we are actually still in a consolidation period that could be drawn out for the next 4-6 weeks before a major decision point must be reached. This newfound stability and consolidation makes sense given the broader exposure of BTC and the...

WarDaddy

Fibonacci spiral indicator provides support to the idea that ~9.2-9.3 was the final true bottom for this BTC correction. BTC is oversold and this bounce could trigger the next major price movement upward and onward. Long live the king!