Short

18k Bitcoin Target

Updated

Using the daily pivot and fibonacci levels, my current target for bitcoin is 18k. You can see the previous pivot line in blue which can be used to find targets based on past support/resistance levels. This 18k level also has confluence with the 1.618 fibonacci extension based off the first wave down from the top.

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18k Cloud Target on the 6D Chart

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5 wave consolidation/correction from the previous drop is ending

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2D Cloud acting as resistance from going back up

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Last drop hit the 233 moving average. The next drop should hit the 377

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Another drop to shake out the early dip buyers

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Tenkan and Kijun still pointing just about straight down

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getting close

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1 month Ichimoku Kumo Cloud support is at 10k. Will we touch that sometime before 2023? I would imagine so.

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Interesting spot for the Volume Point of Control to be located at

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The Volume Supported Linear Regression Oscillator on the 4 day chart shows that we have been in a long term downtrend since 4/15/21 and we are just now about to cross the zero mid-line of the oscillator on the short term.

JoelRBishop

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