🅱️ Bitcoin Monthly Calls $25,665 To $28,435
Updated
The month is getting closer to its end and Bitcoin is showcasing a full green candle.
Based on candlestick reading, the TD sequential, moving averages, market cycles, a broken downtrend, bullish breakout of a consolidation pattern and the current price action, in this monthly session Bitcoin is calling for additional growth.
EMA100 has been tested as support since November and it holds.
It was tested with a lower wick in November, then again with the candle body in December and then again this month when it is confirmed as support.
As this support is now confirmed the previous support levels turned resistance are now going to be tested.
The next two targets, easy for Bitcoin at this point and confirmed only based on the upcoming monthly price close, are the two mentioned on the title, this is short term (within 30 days).
1) $25,665
2) $28,435
Within 30 days can mean 1-4 days just as it can take 25-28 days or any length of time within a month.
I will share a full update once this session closes at the end of the month/start of February.
Don't be surprise if the beginning of next month starts bearish and then it changes.
With the huge bullish support we've been having we are bound to see a strong shakeout, some sort of manipulation move at some point to remove weak hands... You know how complex and difficult crypto can be.
The best is to develop your plan and then just let it roll.
Not get caught in the daily drama because it can distract you from your long-term goals.
Namaste.
Based on candlestick reading, the TD sequential, moving averages, market cycles, a broken downtrend, bullish breakout of a consolidation pattern and the current price action, in this monthly session Bitcoin is calling for additional growth.
- A monthly close above $20,500 would be strongly bullish and also seal the highest close in 4 months.
- A monthly close above $21,800 would be even better yet wouldn't change much in future growth projections based on the monthly timeframe.
EMA100 has been tested as support since November and it holds.
It was tested with a lower wick in November, then again with the candle body in December and then again this month when it is confirmed as support.
As this support is now confirmed the previous support levels turned resistance are now going to be tested.
The next two targets, easy for Bitcoin at this point and confirmed only based on the upcoming monthly price close, are the two mentioned on the title, this is short term (within 30 days).
1) $25,665
2) $28,435
Within 30 days can mean 1-4 days just as it can take 25-28 days or any length of time within a month.
I will share a full update once this session closes at the end of the month/start of February.
Don't be surprise if the beginning of next month starts bearish and then it changes.
With the huge bullish support we've been having we are bound to see a strong shakeout, some sort of manipulation move at some point to remove weak hands... You know how complex and difficult crypto can be.
The best is to develop your plan and then just let it roll.
Not get caught in the daily drama because it can distract you from your long-term goals.
Namaste.
Note
Looks like tomorrow we get the next jump... If not surely before the month ends.Consolidation at this point is only a break so the rest of the market can also catch up and grow.
Bitcoin continues 600% bullish.
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