BitcoinUpdated BTCUSD possible pullback (~$10k) before the next rally ($12k)
My general sentiment has been bullish for some time (see my previous posts as well as YT video).
Still, I have a feeling that the bulls are exhausted:
In this context, I see BTC retesting lower levels in the coming days before eventually rallying to
12K by March.
Still, I have a feeling that the bulls are exhausted:
- Many alts have stopped growing for some days
- We see BTC has bearish divergence in terms of volume
- 11k is a critical resistance level, as it is the 1.618x of the neckline (I already mentioned it in my previous post)
In this context, I see BTC retesting lower levels in the coming days before eventually rallying to
12K by March.Note
Indeed pulled backNote
on the hourly, we have seen 12345. let's see if we have completed this correction.in any case, to say it's going to "2k" is like saying it's going to "-2k" or "-1million".
Note
Should I start posting it's going to ZERO$ in order to get more views?Seems the TV crowd loves sensational posts.
Note
seems to be a small rising wedge in the <1h time frame.BTC is probably going to trade in range & accumulate
Note
may have fallen out of the rising wedge. Will this be the "C" leg of the correction? Or is it just normal range-trading?10k is possibly the key: if we never touch it, it's just range-trading & accumulation. if we cross 10k, possibly 9.5 will be the bottom of this correction, and it'll take longer to retest 11k
Note
Appears that the range is indeed above 10k. Probably will break out this weekNote
Very tiny rising wedge visible only on very-short time frames (5min)I think 10.5k will be the new, higher low
Decidedly bullish but breakout isn't guaranteed today
Note
another rising wedge, this time visible on 15minNote
ASCENDING TRIANGLEthe market seems determined for breakout
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.
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.