BTC in the wedge and ready to explode soon and we will see 27 - 32k in nov - dec. we are also seeing bullish divergence in rsi too .
Hello everyone, Looking at the btc chart and the macro environment we are currently in, I predict a btc pump towards 27k. Yes I am still bearish in the mid term but bullish in the short, the following are my reasons. 1. Btc selling pressure is losing steam, 2. The DXY is losing steam and 3. Stocks are expected to pump this final quarter due to the release of...
This run up from 29k has been fast paced and well accepted by most. Most are certain downside isnt feasible at the current state as BTC is so bullish however given confluence at 54k mixed with a few other indications , i feel our current position is not going to be held for long ! Mapped out are two price ranges highlighting the drop size required to go to 27k ....
There are 4 patterns/indicators that suggest that BTC could drop further to between 28k -> 27k. 1. Head and shoulders. - It is common for the drop following a head and shoulders to be roughly the same as the rise from the neckline to the top of the head. This was 39%. If we take 49% down from the neckline, this results in a price of 28.5k 2. Previous support ...