Expect the unexpected: My Bitcoin forecast for 2022
Updated
Good luck! Because you will need it.
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Note
Inverse H&S with an upwards neckline is not reliable. Especially with btc. For a mid-term trend shift I would expect a double bottom or triple bottom and an Inverse H&S with downwards neckline just like I drew on the chart.Trade active
Opened short at 44.2k with target of 37.2k and 32k. Note
If you don't go against the trend you will win 4 times out of 5. Even if the trend is broken there will be a retest of the lows.Note
Took some profits here. Expecting a pullback to around 42k Note
Lower time frame trading:Short 40.1k
TP: 39k
Note
TP 39k Done. Note
36.5k first bear TP level:Trade closed: target reached
Closed all shorts at my first target 37.2k. It looks like we may start flying towards 55k without getting a double bottom. If we go down I'll buy, if we go to 58k I'll short, either way we win.Trade active
Shorted 39k with the target of 30.5k Note
Reshorting 41.3-42k areaNote
Note
Short squeeze to 58k while everyone is waiting for 20k.Note
We may still get 30-32k before mooning to 50k+Note
Approximately in 25th of March BTC bottoms out at 29-32k in my opinion. But after that for BTC to pull back to 50k+ I need to see a bullish RSI divergence and drop with low volume at 29-32k. Here is how it looks: Note
58k soon.
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