BitcoinLong
BTC cyclic behavior + Fib Levels + pattern:Bull about to wake up
Based on cycles (vertical lines) and Fibbonnacci levels, we can expect a price of 15.2k by Thu/Fri, followed by a correction to 13k around 1/23 and breakout 2 days after-. BTC has remained within the perfectly symmetrical triangle.
On the weekly chart, a massive Bull Pennant -weekly closing prices- has formed and BTC has tested support levels repeatedly (triple bottom) without piercing them down.
Weekly:
Sentiment will need to back this data. Progressive increase in volume will give us trend reversal confirmation (follow OBV indicator)
On the weekly chart, a massive Bull Pennant -weekly closing prices- has formed and BTC has tested support levels repeatedly (triple bottom) without piercing them down.
Weekly:
Sentiment will need to back this data. Progressive increase in volume will give us trend reversal confirmation (follow OBV indicator)
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.