The road to the bullmarket!

Updated

Here is my idea about the coming period for BTC.

The coming weeks are very important, if bitcoin will make a Big H&S then I think we will break the strong support line (57xx) and we could see a big drop!
There are some important dates the expiration dates of the futures and the SEC bitcoin ETF date.

If all these events determine the direction of bitcoin, then we will see a bottom at 30xx USD.

This is an idea, not an trading advice, so please give a like or leave a comment about your thoughts......

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I am not surprised if we could see another test of the day low (5880) and then a bounce back to 62xx and maybe higher, but that is maybe too much for now.

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let's see if we can reach 66xx

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Target 6600 reached, let's see if they can push BTC through 6666 the magic number and slowly to 6800 if that happens and they won't be able to push him higher than 7000/7200, I think that the right shoulder is confirmed and we could see a drop.

When bitcoin falls back under 6500 and drops to 6200 than the right shoulder of the bigger H&S could be the trigger of the drop below 57xx and if that happens............well that's far away from now......

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Possible target 6800 if the bulls can hold the 6200, but we need some more power!

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6660 was easy this time. 6700 resistance reached, Lets see if the bulls are strong enough to push BTC above 6800!!

stefan010

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