


While BTC continues to slide down inside a falling wedge to sub 8k levels, there appears to be a head and shoulders forming on the 1hr. Look for possible short term upside, but be aware that there is much resistance to 10k. Trade safe!
Downward channel intersections which coincide with pitchfork are generating bounces. If this pattern repeats, next bounce to target just above mid 11.5k before testing resistance zone . Breaking this zone should cause prices to drop rapidly to the .5 zone.
BTC in rising wedge, setting up to retest 11k at the .618 fib before going after the upper resistance levels.
Keeping an eye on low 10's for the next move
Keeping an eye on $12,600 as we seem to be forming an upward triangle
Bitcoin looks strong on the daily, and continues to close within the consolidation triangle. Next major stop around $15,000, then probably down before breakout in early February.
Despite recent market corrections, BTC remains inside the established upward channel. Next potential ATH could happen as soon as March.
Despite recent market corrections, BTC continues to stay within long-term upward channel. Potential to reach new ATH as soon as February.