BTC cant make up its mindSteadily creeping upwards for months now. BTC has hit the major level around 30k.
This resistance level is psychological (30k), it is the support we found in the summer of 2021 and it is also a .618 FIB level from the top of 2017 to 2019 bottom.
On the weekly BTC has been in an upwards trend (gray trend lines)trading above the Bullmarket support band.
There is a chance we crab more here and pop out to the upside which i believe will lead to 33k first and then 38k. Before that 27k not out of the picture. Break 26k and we see 22k.
Personally i think BTC will ultimately scoop the lower levels near 20-22k but first we need to trap more fomo longs, so move up to the 30s, trap longs, then blackswan/crash before halvening as is tradition.
22k
BTC TO 21K, 22K AND 24K LEVELS !!!! First look at the elliote wave (1D Time frame)
according to that we will going 24k
Than we can see a stong support level of 19400-600 and 18500 - 800
these are the strong support level which btc will not break and we will see a good pump from here (4h time frame)
Now see that small green trendline at bottom thats according to 1 h time frame we are having rejection from that again and again
currently we also see a rejection from there and it bounced back from there.
Conclusion::
we are going up
There can be a max micks to 18400 - 18600
U can take a small long positon of 5 10% your portfolio tps 21k 22k 24k
3rd wave to 22k Seriously, could the setup be better then this?
Bitcoin did a huge race from 3k to 14k in 6 month, just to prove everyone its capacity.
Now Bitcoin is getting real beaten, just so it can stand up stronger.. and what a stand bitcoin can have if it decides to be the 3rd wave. What doesn't kill you makes you.... stranger!
So if Bitcoin did 3k to 14k in 6 months, it can bounce back in, 6 months and then get boosted by the halving.
Quite a show...
Count down the countdownThis is a 'without words' Idea. Look at the arrow. Maybe the long awaited bull move is near.
Proof:
None!
Why the idea & why now?
Momentum is down. News are bad. "Binance hack" news were the latest ones. Even if there are no special good news the lack of bad ones as we had them over the last 2 weeks would be enough to allow the roots to grab a halt.
The root to new roots:
2nd time that BTC didn't go below the 9263 USD line (BTW: in EUR it is a perfect touch of the line. I let you check this by youselves.)
In latest a week we will see what the idea was worth. Good luck!