We could see some more upside to 50000, then a retracement before continuing to fill the FVG at ~53k area. Most likely still seeking 20k after that move to the upside to fill the gaps.
We saw a pretty big dump, same as last year November 26th. We can expected to see a bounce off of the 382 fib extension level.
Current cycle compared to the previous ones. We should see liftoff tomorrow, if not tomorrow in the next few days.
A 300k Bitcoin in a few months is a reasonable prediction. Aiming for 0.786 on the fib. See you all at 300k.
These are key fib levels which we will hit in the upcoming parabolic move.
If bitcoin pulls back to the 55000 area, it would be a good long. 55000 round number, key fib and volume profile point of control.
This seemed like the spring of a Wyckoff accumulation. As long as we don't daily close below the 21 weekly Moving Average we are good. We could also consolidate above it for the next few days.
This is another wyckoff accumulation scenario for btc.
Possible scenario for bitcoin. Wyckoff accumulation.
We are seeing a distribution which would result in a pullback to the 43k area. If 43k doesn't hold expecting 40k to hold support. Price might not even touch significant supports before going higher to liquidate all the shorts.
I'm expecting VeChain to pullback to the golden fib pocket area where I'm looking for longs. There's also confluence with the 200MA and the golden fib pocket.