Hi there, Btc is currently trading in a sideway range between support (30k range - green) and Resistance (41k range - red).
As long the Resistance didnt break there is a chance for being still in a Bear trend.
So im throwing out my Mid term prognosis, in case we get rejected once again from the current resistance and 30k breaks.
This get invalidated if Btc goes above 43k and closes Daily there!
I often noticed Btc goes down in what i call a "Double ´W´ Pattern" which consist of 4 Downside Impulses and 3 Upward ones before eventually Reversing.
After my midterm target of 10.000USD per Bitcoin we may still go to 100k.
Once again, in case we go above 41k the coming Days, this is invalidated and i will close this Idea.
But in case we are still bearish i expect this Pattern to literaly play out like i marked on the charts.
Generally im neutral as long btc didnt break supp/resistance.
If 43k breaks we propably go to ~100k in this bullrun.
If 30k range breaks we propably go to 10k~ before eventually going to 100k.
And if 10k doesnt hold, we go to hell.
DYOR.
Have a nice Day and please leave a like if you liked this =)
As long the Resistance didnt break there is a chance for being still in a Bear trend.
So im throwing out my Mid term prognosis, in case we get rejected once again from the current resistance and 30k breaks.
This get invalidated if Btc goes above 43k and closes Daily there!
I often noticed Btc goes down in what i call a "Double ´W´ Pattern" which consist of 4 Downside Impulses and 3 Upward ones before eventually Reversing.
After my midterm target of 10.000USD per Bitcoin we may still go to 100k.
Once again, in case we go above 41k the coming Days, this is invalidated and i will close this Idea.
But in case we are still bearish i expect this Pattern to literaly play out like i marked on the charts.
Generally im neutral as long btc didnt break supp/resistance.
If 43k breaks we propably go to ~100k in this bullrun.
If 30k range breaks we propably go to 10k~ before eventually going to 100k.
And if 10k doesnt hold, we go to hell.
DYOR.
Have a nice Day and please leave a like if you liked this =)
Nota
"Once again, in case we go above 41k the coming Days, this is invalidated and i will close this Idea."43k* is what i meant to write
Nota
43k broke - im bullish now.watching out for 100k in the coming months/weeks
Defenitely suggesting to partially sell when btc makes it next move up and does new ath´s. Best case i see is btc to 150k-200k. worst is 100k (range)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.