BTC bull(ish) chart 28th of November 2022
Updated
Hi guys,
This is my latest BTC chart with the price projection going into next year. I reviewed my previous ones, always seem to get the price levels right (tops/bottoms), but rarely the time needed for the moves. So take the time period with a grain of salt.
In my opinion the C wave of the correction is at the bottom. We should be seeing price move up in the following weeks. I had an initial calculation that suggested the 23rd of March as Ann important date, seems that after the FTX debacle it's going to stretch longer into the summer of 2023.
The price target for the next move up sits in the 84k area. I will be updating this chart upon further development.
RSI weekly potential bull div, Stoch RSI "almost" oversold, EW count - 5 waves, Fibo 0.9 retracement from previous 2020 breakout.
Invalidation : weekly close under 13.800$
Happy hunting !
This is my latest BTC chart with the price projection going into next year. I reviewed my previous ones, always seem to get the price levels right (tops/bottoms), but rarely the time needed for the moves. So take the time period with a grain of salt.
In my opinion the C wave of the correction is at the bottom. We should be seeing price move up in the following weeks. I had an initial calculation that suggested the 23rd of March as Ann important date, seems that after the FTX debacle it's going to stretch longer into the summer of 2023.
The price target for the next move up sits in the 84k area. I will be updating this chart upon further development.
RSI weekly potential bull div, Stoch RSI "almost" oversold, EW count - 5 waves, Fibo 0.9 retracement from previous 2020 breakout.
Invalidation : weekly close under 13.800$
Happy hunting !
Trade active
over the 17k mark, let's see if the bulls stick to the plan.Trade active
over the 18.800$ levels, a daily close over 20.700$ confirms bull market breakoutTrade active
We got to 26.7k and rejection followed. It sure seems at this point that my bottom blue trend line is being challenged. If we manage to get inside the blue outlined channel I think this scenario is confirmed 90%.Trade active
looks like 33.5k is the next major resistance, when it breaks 40k will come fastTrade active
Uptember 2023 ... 10 months update : it's become clear to me that time wise this is not going to happen (unless we get like 4-5 green weeks in a row starting NOW) ...price target remains valid as long as we don't lose 25k area. I will keep updating.Trade active
we managed to get back above the blue low diagonal support. "If" we get a weekly close here we might just see the whole plan developTrade active
we made it over 33k, prices now hovering the 36k areaTrade active
Just hit 42k. Enjoy your almost 300% profits made in 2023 by following this scenario.God bless !
Trade active
Well well well ... we just hit 58k ... thanks for playing :)Took some profits in order to reinforce my alt coins positions.
Stay safe !
Trade active
73k reached, the final target is not far away now
Related publications
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.