BTCUSD has had a fairly decent run this year and looks like it will continue. The path seems to be filled with decent Pullbacks to scare a few people but overall looking like 100k will be the major target for now.The multi year ABCD from the 2020 low gives us a target around the next major level of 80k. The question now is if this PB we had from Thursday is done or will we see one more move lower to the 382 from this move up around the 60k level.
There are a couple of major turn points coming up that I will post.
I will take a look at the shorter TF as well to give some levels to watch.
US Interest Rate decision on Wednesday this week as well will move the market as well.
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Shorter TF looking at the couple of potential outcomes over the next few weeks going into the halving in a month.
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Looking at the key dates over the next couple of weeks. Looking for that reaction tomorrow for the deeper correction first. If we start getting into Thursday and it hasn't started to turn lower then we might be looking at 80k first.
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After having one more low today i'm now looking for a rally back towards the 50-61.8% area followed by one more low below 60k again. But any move above 72k will mean the correction is over.
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Bitcoin dropped a little lower than I was expecting yesterday but now we are in a key area where the correction could be over or we get a 3-5 day rally back to 68k before one more move lower into the mid to high 50s. With the FED out there tonight we might get some spiking as the Interest rates now move Bitcoin as well.
Enjoy the day. See where we are tomorrow.
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Getting that correction that has a target around the 70k area then Im thinking there is a good chance of another move below 60k before we head higher again. Looking for a top either Tuesday or Thursday then weaker into the weekend. Interesting week ahead.
Enjoy the week.
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A look at potential turn points to watch this week.
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Up in the ABCD 78% area into a CIT window. Key time now, looking for tomorrow and if we will get the next leg down or if its too strong.
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After completing the PB into the zone we are now in an area where we can head back to ATHs or have a deeper correction. Big week ahead but not a lot of data out to push things around.
Enjoy the week.
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We are also in a CIT Window for the next day so this will be key to see where we are headed going forward..
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Getting close to the key area to hold or it might be a spike down to 63k..
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Looking like we have one more low but it must hold 63k or we might be going a lot lower..
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A quiet weekend but still holding above the 63k level. A big week ahead.
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i was expecting a rally into the 22nd CIT Window but we got an extended drop so now we are in a possible invert and a rally into the end of the month.
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We have hit the lower support zone and its come in right on time when we look at time and price. It needs to hold these levels to remain Bullish. If it starts breaking lower then we will need to look at different scenarios.
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A nice rally out of the pattern completion zone where time lined up with price. Now the question is, Are we headed to new highs or is there one more move lower to 50k first? Big week ahead with this one.
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Today is a Key Day for the trend for the week. If we are lower into late Monday then we are likely to see more downside for the week, but if it continues higher into tomorrow then we are likely to be looking at an Invert and an upside move.
Enjoy the week.
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Looking like the trend is headed for the upside into the weekend. We are through the levels we were looking at and pushing higher. Watching for a top to come in around 67-68k then be looking to Buy a PB..
Starting to look on the bullish side..
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After the last move has played out but had a slightly deeper correction we are now at a critical area where we see the Monthly AI timing date come in tomorrow. If we get to Wednesday or Thursday and there has been no rally then we will have to look at a deeper correction to 50k.
But at this stage everything is set to move higher and to new highs.
Big couple of days ahead.
Enjoy the week.
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Monthly AI with Mondays turn date. If we are higher Wednesday then we are likely into the next move higher.
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