Updated

BTC in correction ( short/medium term period)

i see 2 possible scenarios for BTC before a possible Investment move up . it's medium investment move up (Towards 22k ,then toward 54k )

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Update from 27/12/22 : Nothing changed in the structure , BTC is still correcting from an investment point of view. For day trading , both scenarios 1 and 2 are still valid.
In smaller time frame , as it stands BTC is likely to hit the 17050 level first before heading 17200..

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Update from 30/12/22 : It Seems that BTC chose rather to follow scenario 1. At least for the moment It follows it to the millimeter.To be confirmed in the coming hours/days...

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Update from 4/1/23 - short term : BTC shows us more and more, that he wants to follow scenario 1, the two defined objectives are achieved (17050 and 17200 ) , he can still go up to the level 17280 or even a little more. But now we have to be careful, because at any time it can reverse to go break the +/- 16260 then 15480 !

Ps : No change in higher timeframes ,BTC still correcting.

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Update from 04-1-23 Short term : According to the current structure in 1 H, For me BTC is wiling to continue the move Up to break the top (That said. As it stands, this is not the start of the long-awaited take-off).
=> The next target for the upcoming hours could be easily 18380 , before returning to the levels mentionned in my comment of 09/01

Ps : No change in higher timeframes ,BTC still correcting.

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To the pips as expected

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Important to break the top before to start looking fo a sell, BTC is trying to trap sellers now ( short term trading )

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Update ( 1h) : Keep an eye on . BTC's current structure tells us that it probably wants to keep going up a bit. After the end of the current correction, it can target the zone 19600 ,19800

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Completely hited the target.

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**Update from 27/12/2022 : With today's price movement of BTC , the initial two scenarios have been invalidated , the short term structure has been changed ! But in the meantime that hasn't stopped us from making some good trades ( as you can see in the last Updates. )

I'll Share my new vision of BTC on daily/4h time frame according to this new price movement and structure change..

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New Update - BTC Medium-Long Term (Investment View): As it stands, I see two possible scenarios based on the current structure:
1- Either it wants to make a bigger correction to break the low again.
2- Either it wants to start the reversal movement (obviously this will not be in a straight line!), so the 2 gray areas must be monitored.

*keep an eye on the key level +/- 23,380. What happens there will tell us what BTC wants to do

** For short-term traders, whatever scenario BTC chooses, there will be good trading opportunities, but it requires a certain level of knowledge.

Ps : Don't forget this remains a forcast , market can do what ever it wants, and prove us wrong. So ability to adapt ourselves quickly is required .

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Update from 14/01/22 : BTC hits the level defined , now it's in the crossroad( Cf. the last chart ). either it will break the level defined ( green line ) or moves towards 55k. What will happen the next hours will define which direction BTC wants to follow.

Centaurus_A

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Centaurus_A