#BTC big move coming January 2nd or 3rd! High Time Frame
Moving Averages:
- Using the 400D EMA as support, which was held during the June/July 2021 markdown. By held I mean that we have not closed below it on the weekly TF since March 2020.
Patterns:
- Markdown structure is almost identical to last year's at a slightly smaller scale. Bitcoin will recover when most of the retail traders will (at least psychologically) capitulate as most of the support classic patterns and geometrical shapes will have been broken.
Fibonacci:
- Fib levels self explanatory (July 2020 bottom to ATH) we might ultimately hit the 0.702 level on full retracement or maybe below it at yearly RVL
Volume profile for the yearly range:
- Value area low could be touched in theory without breaking the ultimate support (39k). This is the REAL DEMAND zone, a zone where people will buy like there's no tomorrow.
We're just under yearly POC (48000) which is not great as it acts as massive resistance.
Black Magic:
- if you believe in moonphases.... there will be a New moon on the second of January. (It' annoyingly accurate for major moves)
If we break 39k....30k is the next support well... and see you in a few years. Don't forget to DCA.
Meanwhile we trade up and down.
- Using the 400D EMA as support, which was held during the June/July 2021 markdown. By held I mean that we have not closed below it on the weekly TF since March 2020.
Patterns:
- Markdown structure is almost identical to last year's at a slightly smaller scale. Bitcoin will recover when most of the retail traders will (at least psychologically) capitulate as most of the support classic patterns and geometrical shapes will have been broken.
Fibonacci:
- Fib levels self explanatory (July 2020 bottom to ATH) we might ultimately hit the 0.702 level on full retracement or maybe below it at yearly RVL
Volume profile for the yearly range:
- Value area low could be touched in theory without breaking the ultimate support (39k). This is the REAL DEMAND zone, a zone where people will buy like there's no tomorrow.
We're just under yearly POC (48000) which is not great as it acts as massive resistance.
Black Magic:
- if you believe in moonphases.... there will be a New moon on the second of January. (It' annoyingly accurate for major moves)
If we break 39k....30k is the next support well... and see you in a few years. Don't forget to DCA.
Meanwhile we trade up and down.
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