If you take a look at my chart, we had reached the 161.8% fib of the Grand Cycle wave 3. Usually this FIB offer big resistance.
For sure we go higher but we need to break 35k first to confirm a possible path to 54.5k where is the 216.8% fib.
Also Weekly RSI never stay at that point for more than 4-5 days. We already had a little correction last night.
Grand Cycle wave 1 was pretty strong which let me think that if we retrace from here.. those entry points can be great options :
0.382 : 22.8k
0.5 : 19k
0.618 : 15.3k
Always better to buy retracements than a possible top.
Best to you in 2021 !
Crypto_Mercy
For sure we go higher but we need to break 35k first to confirm a possible path to 54.5k where is the 216.8% fib.
Also Weekly RSI never stay at that point for more than 4-5 days. We already had a little correction last night.
Grand Cycle wave 1 was pretty strong which let me think that if we retrace from here.. those entry points can be great options :
0.382 : 22.8k
0.5 : 19k
0.618 : 15.3k
Always better to buy retracements than a possible top.
Best to you in 2021 !
Crypto_Mercy
Note
If we break 35k those are nice exit targets.43k and 54.5k and
Note
BTC is losing momentum, on the 4hrs, bulls are still in control but .... MACD cross neg on 1day chart. KDJ is negative, stoch RSI is also negative on 4hrs, daily and now weekly. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.