Someone short this so I can catch a knife between 5% - 10% please?
Looking unlikely that we'll tap 30k in 2020 with only 2 hours to go... We'll either see something crazy, or we'll tap 30k tomorrow and establish an important level for 2021.
BTC logarithmic fib retracement produces 33344 as a target.
Only 13.5 hours to go before 2021 and BTC has yet to tap that glorious 30k mark. We will make it? Lots of resistance at this level and the move to 30k isn't even that big. CT is talking about 30k on 1st Jan instead which would establish an immediate range high for 2021.
BTC looks to be loosing momentum as it falls out of the ascending triangle, worried that we may not reach 30K before the end of the year now.
As the price action develops and 27400 holds as support, it's likely we'll retest the ATH. In the previous period of consolidation around 24k, we saw the ATH tested once with a small short and then again with an even bigger short, before trend continuation upwards. We could see the same thing develop here - would be great to long the Weekly Open again but making...
ETH is always at the mercy of BTC so the same idea could play out. We retest 740 again, short, retest 700 and then we either go balls deep into Alt Season to kick off 2021 or it is delayed for a couple of weeks.
BTC posted a new all time high overnight but looks more like a rejection from previous all time high. We're seeing a small pullback and I'm setting ambitious price targets to capitalise on the pullback and get in on this trending move which should take us up to 30k. Targeting places where Fib and Gann intersect. Targets: 27100 26793 26636
Despite defending the weekly open, the bearish scenario is highly likely to play out. We have a descending trend / triangle and these have a high probability of breaking to the downside. Rejected from the .5 fib level. Fundamentals - poor week for Ripple has caused fear in the market, particularly for institutions. One of the largest ever CME gaps from 23.8k, we...
BTC has been in a descending trend since reaching 28k but looks like it may make a breakout if we retake the .5 fib level. The weekly open has been defended thrice.