Bitcoin eyeing uncharted territory
It has been a while since I posted a chart and waters aren't as clear as they were to me pre-2016. Instead I'm sharing this crazy scenario which I've held and updated privately on TV for like 6 months.
BTC has been in a slow uptrend for about a year now and all is looking awfully similar to the period of 2012 - 2013. Price movement structure, fibonacci time zones and trend lines are all lining up. Weekly RSI hit base.
Now this could be outer forces messing with us or something and go down in flames, but in case this plays out we might be looking at 15k or more in February.
Closing above the lower yellow and red trend lines this year would be setting direction towards new ATHs at least.
Side notes
- The top orange trend line is setup on the tops of $31.91 and #259.34.
- Every line drawn is linked to a large amount of touches and set on exact prices
Good luck!
BTC has been in a slow uptrend for about a year now and all is looking awfully similar to the period of 2012 - 2013. Price movement structure, fibonacci time zones and trend lines are all lining up. Weekly RSI hit base.
Now this could be outer forces messing with us or something and go down in flames, but in case this plays out we might be looking at 15k or more in February.
Closing above the lower yellow and red trend lines this year would be setting direction towards new ATHs at least.
Side notes
- The top orange trend line is setup on the tops of $31.91 and #259.34.
- Every line drawn is linked to a large amount of touches and set on exact prices
Good luck!
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