BTC Month chart from july 2022/april 2024
Theory. If BTC do an Inverse H&S, would play out as going towards 60k end of year 2022, retracing to 30k between the coming months of 2023, consolidating and uprising towards 60k again breaking up. end of target 98k.
RSI, would rise like 2018 meaning we had reach 60k or close to it. then consolidating to areas of not oversold but lower. similar as 2018. gaining momentum as we try breaking ATH. for setting a nice 92/96 RSI
new ATH
BTC-Bitcoin Halving is set for 2024 april 2 or sooner. by that time we should be ready for the bull market, real price discovery might happen 2024.
Reason. we had force selling from miners. china ban./ then having leverage force selling. $$$ on sidelines waiting to play this monthly pattern. not looking at daily or weekly.
Moving Average would act as support for a while during 35k weekly chart. if IH&S plays out.
Final target 130k? then Correction A.K.A Bear market?
RSI lines are for MONTH. ignore Weekly
RSI, would rise like 2018 meaning we had reach 60k or close to it. then consolidating to areas of not oversold but lower. similar as 2018. gaining momentum as we try breaking ATH. for setting a nice 92/96 RSI
new ATH
BTC-Bitcoin Halving is set for 2024 april 2 or sooner. by that time we should be ready for the bull market, real price discovery might happen 2024.
Reason. we had force selling from miners. china ban./ then having leverage force selling. $$$ on sidelines waiting to play this monthly pattern. not looking at daily or weekly.
Moving Average would act as support for a while during 35k weekly chart. if IH&S plays out.
Final target 130k? then Correction A.K.A Bear market?
RSI lines are for MONTH. ignore Weekly
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