I`m glad i was right at least about the fact, that btc will not go up so fast. And now the market shows, that we are going even deeper.
So, i guess 1-2 days left before we surely now what will happen. What must we see to make a decision? 1. Closing week candle with body lower than a half of the general length. 2. Breaking lower Boilinger Bands line. 3. Break previous low.
Also, you can see some parabolic support. In the case, where we bounce from it and continue the growth, we could reach 50 k. Now, if we break through it, i think we will get LONG correction or flat. And maybe it is good, at least for the traders, who went out in time, because after the long correction we can get those 50k with the good conjucture and if the faith in bitcoin remains.
To make the analysis complete, i can also mention the pattern. On 4h timeframe head and sholders are visible. Furthermore, it looks like nicely confirmed. Confirmation is good, when the left shoulder is tiny in comparison with right and in left shoulder is lower than in the right.
Now watch for the breaking the levels .
That`s all. Thank you for attention!
Have a nice day and happy christmass holidays!:)
If my charts helped you somehow, you can help me with donation. I`m saving up 0.02 btc to start trading and the part of it i`ll use to get the tradingview pro pack. Any satoshi from you are preccious for me. I will be extremely happy to start trading with your help in the New Year! Watch status to make it.