bitcoin must break 41,000 level to see another bullish uptrend before summer rather than after June2022
rates and inflation suppose to be priced in abcde wave is done at 39.5k already possible spike to 60+ before any dump by March so far its a 60/40 chance we will see a new ATH
cup and handle and double bottom in a huge zoomed out picture. expecting 500% gains in 2022 lets see
zooming out. bears see double top bulls see : ascending triangle -breakout after a good cpi data and market sentiment toward risky assets and bonds remains below 1.8 target 88-90k and could hit more. Stotch rsi is oversold. 40k is acting strong support so far since end of December
this is a bullish pattern but is it a temporary green of the beginning of a bullish months keeper close eye on 53-55k to be broken higher
if history will repeat itself we may take 30-40 days to see 53to55k bitcoin there is 60% we may see 39 before 90k
happy late new years folks elliot wave in the play and we are not yet in a bear market or BTC will crash to 35k or 40k
march2021 was 0.004 and became as high as 0.044 if we got 950+% gains from the lowest of the dip 0.01 approximately we may easily hit 0.11 this year which is roughly 3.2 billion dollars market cap specially with ada bridge
btc in the weekly chart showed a rejection near 52k in the past few weeks January tends to be a good rally for bitcoin in general and we may see 90-93k and I still believe in this hope the TA this time is not the case as we might see 40k again or less\ will keep watching and hoping for 55k to confirm a bull run
AMZN l=is looking for Elliot wave no.5 to 3900-4000 dollars per share next year
and for the worst scenario is to be between 40 to 47 untill 2022 then fly to 80k am bullish because a falling wedge is never a bad pattern
elliot wave theory is my ultimate favorite method to see wither if we are going to be in a bearish cycle or bullish, bitcoin will visit mid 90's to 100k next year at some point before summer and before the fed starts tapering / increase the interest rate back to 1-2% in 2022 and 2023. its too early to be bearish as the 3rd big wave has not started yet. it may...
in the next couple of days we may know if bitcoin will dip to 41k then bounce or this is the last day of suffering below 78k per coin.. bear market is unlikely but if we went below 41k then .. i may be bearish short term on being bitcoin above 50k. but i highly believe we will see the post pandemic rally last year which indicates bitcoin will see 96k but after 4-5...
not a financial advisor but i can see that the selling is so irrational this month specially for nasdaq and russell2000, omicron fears is priced in now and the market is ready for a new rally for 2022 " jan to april"
pt 95-100k ny march2022 december rally will be fun to watch
things will get sweeter and sweeter after breaking 0.044. my first o=pt is 0.10 by march second pt 0.15