BitcoinLong
BTC MONTHLY STUDY
Based on the weekly close on the 0.5 fib above 9.4k, I'd say we are good on the monthly, MACD is picking up, the volume is as well. Next weeks should complete a big fucking bullish candle, but as long as we stay above this pivot, fun times ahead (or short and fun on bad times).
If we close the monthly bullish, testing 11k, but should pass to 13.5-14k and finally 16.5k this year. If not, a LH is confirmed and I see us going to last stops 7.3 and 5.8k before goblin town at 4k. Below that and I think we will enter a bear market that might signal the end for crypto (I believe no alt market till ATH - I men, why would new money flow into the market?)
Thank you for reading a leave a comment. Studying here.
If we close the monthly bullish, testing 11k, but should pass to 13.5-14k and finally 16.5k this year. If not, a LH is confirmed and I see us going to last stops 7.3 and 5.8k before goblin town at 4k. Below that and I think we will enter a bear market that might signal the end for crypto (I believe no alt market till ATH - I men, why would new money flow into the market?)
Thank you for reading a leave a comment. Studying here.
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.