My chart is still being respected perfectly. If I am correct, and another reversal has begun, BUY around 28k AND 22k. Layer those buys for certain profits!
The pattern has played out perfectly up to now. Big decision time coming up: are we going back into the bigger upwards channel or are the buying zones below 30k going to be revisited? Very few 4hr candles left before we know.
Follow up on yesterday's chart. We are quickly approaching 38k, and while I don't condone the taking of any short position this early in a bull market, 38k would be a decent try if any. If we do get a reversal at 38k, I am looking for probably the best buying zones you'll get in 2021 on BTC around 28k and 22k.
If we keep hitting the lower trendline of the upwards channel we were in before the crash, I am expecting another drop when we hit 38k, where a lot of resistance is piling up. The buy zones are based on the Fib Retracement levels and the few historical data we just made above 20k. Tell me what you think!