Possible Move Towards $15,350 or drop to $13,180

Updated

If the market breaks out above $14,178 - $14,367 resistance area, we could see a move to $15,350 - however, please note MACD and RSI Divergence; If market respects trend we could see further consolidation or a pull back to support level $13,180.

24 Hour Outlook: Neutral

Note

Double bottom - Drop to $12,660 is possible after a push upward.

Note

Testing Micro-Resistance right now

Next Support: $10,875

Note

Market ready to complete D leg

Note

If you read my Post Jan Report on BTC only, I identified a second Gartley Pattern than the one shown above.

I personally feel that the market may be at $14,650 by Feb 1st if we break above the resistance point illustrated below

EJSM

Also on:

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.