Similar to the SUSHIUSD price chart. The SUSHIBTC price chart looks like is in a bull flag pattern. Assuming that SUSHI gets to the the top around mid January a $12 SUSHI and .0002267 SUSHIBTC would place BTC price at around $53k (Extended cycle? BTC oscillating around $50-$60k for the next few months?)
At the end of the day the main point of these charts are to identify a trend. For a while it looked like the SUSHIUSD chart was in some type of pennant which is why I believe us HODLers where shocked once it broke down. Assuming we are still in a bull market I think the high
4S-low $5s are a solid short term bottom. If the channel plays out look for the top of the channel to take some profits.
At the end of the day the main point of these charts are to identify a trend. For a while it looked like the SUSHIUSD chart was in some type of pennant which is why I believe us HODLers where shocked once it broke down. Assuming we are still in a bull market I think the high
4S-low $5s are a solid short term bottom. If the channel plays out look for the top of the channel to take some profits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.