Bitcoin Mid term Road Map
Updated
Hello everyone,
This post highlights a series of technical patterns, all converging towards the same target area on Bitcoin. We’ve identified a descending broadening wedge, a cup and handle formation, and another descending broadening formation.
The alignment of these patterns reinforces our bullish bias on Bitcoin, suggesting that a major upside move is imminent. We believe the potential for a significant rally is stronger now than ever.
Please share your comments and thoughts on this analysis.
This post highlights a series of technical patterns, all converging towards the same target area on Bitcoin. We’ve identified a descending broadening wedge, a cup and handle formation, and another descending broadening formation.
The alignment of these patterns reinforces our bullish bias on Bitcoin, suggesting that a major upside move is imminent. We believe the potential for a significant rally is stronger now than ever.
Please share your comments and thoughts on this analysis.
Trade active
Price holding firm for now, we are watching closely.Trade active
Price may be going down to give good buy back opportunity for those that still want to join the trade. We are anticipating the current pullback to initiate a move towards 68k/70k area before next correction. BTC is bullish and the trend is Bullish never Bearish.
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Trade active
We need to observe price action at 62k area closely.Trade active
62k has proven to be a strong resistance level, causing a price rejection. Since then, Bitcoin has been consolidating, and we may see a re-test of the 54k/52k levels before a major rally continues. Regardless of Bitcoin's movements, the setup remains intact unless the price breaks below 50k.
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Price completed leg B of the leading diagonal move and we should expect continuation from here. Perfect call.
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Still in progressTrade active
Bitcoin road map still continues as the price approaches important buy side liquidity zone.
Note
Almost at the projected target, this is massive, congratulation to you all that follow the projection. We are already up with about 66% from the provided entry.
Note
Going so well as predicted.
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