BTC Potential for next year 2022.
So previously on my Twitter, I called the top where i did indeed take a sell position, but never the less looking more in depth into the coin. We can see what I saw the last time BTC dropped from 55k to 30k just on a bigger timeframe. I am referring to the fact we have a Trendline which is currently being either tested or broken around the 47k-52k mark. As you can clearly see we have created a pin bar candle just in between the 20 and 50 day ema followed along by a straight bearish candle which shows no upside wick. That gives me an indication we could easily retract to the top of this candle giving hope for the trend line but i do strongly see rejections followed @ 52924.50 where shorts will be taken down easily to 19666.00. Once we reach my target i do potentially see BTC as a healthy market and i look to invest monthly into it as a growing asset.
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