BITCOIN - 20K Home Straight! ๐ป๐ป๐ป
Its been a while since my last BTC thread as nothing much has been happening so I've been in crypto hibernation.
But after a couple of month there's been some movement with this weekly candle about to print.
BTC has fallen out of the ascending channel which was a clear 3 wave upward move that topped exactly at 0.5 retracement.
Now since C the dominant trend is returning to the downside and this will probably be a large wave down to match Nov - Jan W wave.
And this should take BTC down into the lower 20s with a 1:1 @23K - with a little overshoot it will hit my long term target of 20K where there is 2017 top support and that should attract price if it gets close.
I first said BTC would hit 20K in March 2021 which didnt go down very well with some hodlers. I wonder how many will turn up when BTC finally gets there.
And when it does I will become interested in crpto again. It could go down further of course, but that is the time I'll be having a sip of coffee.
See you @ 20K! ๐
Not advice.
But after a couple of month there's been some movement with this weekly candle about to print.
BTC has fallen out of the ascending channel which was a clear 3 wave upward move that topped exactly at 0.5 retracement.
Now since C the dominant trend is returning to the downside and this will probably be a large wave down to match Nov - Jan W wave.
And this should take BTC down into the lower 20s with a 1:1 @23K - with a little overshoot it will hit my long term target of 20K where there is 2017 top support and that should attract price if it gets close.
I first said BTC would hit 20K in March 2021 which didnt go down very well with some hodlers. I wonder how many will turn up when BTC finally gets there.
And when it does I will become interested in crpto again. It could go down further of course, but that is the time I'll be having a sip of coffee.
See you @ 20K! ๐
Not advice.
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If you enjoyed this analysis leave a like / comment. If you didn't enjoy this analysis you can still leave a comment if you like ๐.ืืขืจื
I prefer bearish phases like this I get a load of charts on my page rather than chest thumping hodler troll comments. ๐ืืขืจื
BTC goes under 30K for first time since 2020! More to come.ืืขืจื
Oops not quite but when it goes below the lows there will probably be panic.ืืขืจื
Nearly there.
I'm taking a break from TradingView๐๐ป.
But offering 20% discount to join my group ๐๐ป
Lots of content every day with regular videos, 1:1 and chatroom ๐.
Telegram Group: $40 for first month in January (then $50)โจ.
Contact: t.me/dRends35
But offering 20% discount to join my group ๐๐ป
Lots of content every day with regular videos, 1:1 and chatroom ๐.
Telegram Group: $40 for first month in January (then $50)โจ.
Contact: t.me/dRends35
I'm taking a break from TradingView๐๐ป.
But offering 20% discount to join my group ๐๐ป
Lots of content every day with regular videos, 1:1 and chatroom ๐.
Telegram Group: $40 for first month in January (then $50)โจ.
Contact: t.me/dRends35
But offering 20% discount to join my group ๐๐ป
Lots of content every day with regular videos, 1:1 and chatroom ๐.
Telegram Group: $40 for first month in January (then $50)โจ.
Contact: t.me/dRends35
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