BTC Long short-term aim of $43K USD by April 18, 2022 @23:00 UTC
Technicals follow-up.
Maintaining course as per prior ideas.
Maintaining course as per prior ideas.
Note
***Comment: Total Market reference with range period since April 12, 2022.
A few very low V/MC$ turn has been tested since April 12th's Inverted Hammer!
24H V$ / MC$ Turn is very low since April 16, 2020 (2:00 am onward)
24H V$ / MC$ Turn:
High______24H %____Swing % H/L___Low
5,070%____2,4898%__2,116%________2,434%
Total Market turn is very low for the past 24 hours.
The calm before the storm...long play storm that is!
When looking at all the technicals since April 13, calling that we are at the start of the 3rd major upcycle if BTC does not break the current bullish reversal and refined reference of $39183,25 USD (April 11, 2022, 18:00) as a critically pivotal point (bears vs. bull). If this is broken, the current bullish upcycle idea is off the table and a new pivotal point will need to be created by the market at a later date.
The shorting bears will not have the stomach to keep shorting with BTC passing upwards of 41K USD!
Making a bold call that we are at the start of the next 3rd big cycle to test new BTC highs by November 2022.
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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.