Btc technical analysis 2022

4 Jan 2022

This analysis is not based on patterns or indicators forming in the market, but it's more based on a previous cycle. Which we can't ignore in my opinion. Also I think we are going to see a lot of traders liquidated for trying to long on this current price level, and then get stopped out or liquidated. The chart will look like its going to continue a downtrend but its setting itself up for a new trend and using its previous support as new resistance. Where we are going to see an outbreak + retest. Then we are facing a lot other key resistance levels, if btc breaks them I think its high likely we will have a bull market. This is my current idea on the market and I have given my average entry on the chart (in gray on the scale) I will probably use a stop around 39/40k and I will swing into new all time highs!