* The blue line has shown us our last two bull market tops.
* If history remains consistent, we should top out around $67-73k by the end of 2021
* In 2017 we corrected to the Green Line when we touched the Purple line for the first time
* If history remains consistent, we should correct to around ~$25k (Green Line) before another move up around the end of Feb
Be aware of a possible double-top formation on the 4hr chart. The Stochastic RSI appears to be losing momentum, and on the way down....at least to the bottom of this channel. Where it goes after that we have to wait and see.
Heavy resistance was met at the trend line back from June of 2019. This, coupled with resistance at the 200 Day MA appears to be a possible...
Hi everybody. This is my prediction from where we are now.
There is a clear cup and handle formation (green) that could bring the price to the yellow targets shown above. (More Probable)
There is also a bearish double top formation (red) that we should be aware of that could take us down to support levels. (Less Probable)
Right now price is moving in the...
If BTC breaks through the 50 Day MA, then price should move to the top of the channel which also coincides with the .50 fib and an inverse head and shoulders pattern developing.
From there, price could break through the channel (not probable) and meet the .618 fib.
Or, It is more probable that the price will bounce off the top of the channel and fall hard to...
So, look at the pattern from the last time BTC broke through 9k back in March of 2018. It's very similar to the one forming now....and, it includes more downside folks. I have included my targets. We'll have to feel out the sentiment once those targets are reached for future development.
*This is not financial advise. This is for fun.