There's a lot of resistance at this area here. we'll be watching DXY at this area as well, should be at around 101 when that time comes. DXY will be at a massive support, it's an interesting time for sure.
Here's my 5 confluences for a 12k Bitcoin. Might not be ver popular, but I've certainly made a case for it based on previous behavior.
I am looking at the wave 4 retracement lows, I have 4 levels of confluence (2xFibs, MA and POC) for around 22/23k. In normal market conditions.... ;-) If there is such a thing these days.
Using the trend based fibs in log mode, the ABC corrective measurement has had a decent history of an accurate zone for entry.
This is based on some previous work that I have done around the respect BTC has for ABC corrections. The 1 to 1 on the 1 to C is uncanny. See that work in my previous idea shares - linked below.
It's taken me far too long to realise this, I think looking back maybe everyone already know this, but hey!!! I'm happy now.
Keep an eye out for this ADA price action. We've seen a retracement to the 0.786, a deep pullback, looks hopeful that we'll see some upside.
I believe there might be another ALT mini season on the way, bounced nicely on the 382 and look to be gaining dominance against ETH and BTC
This is not really meaning full or descriptive... This is my idea. That's it. It's a plan.... just like any other.
Here's a speed fan and fib time idea that I have been looking at. A very interesting time in the next weeks.
I love pitchforks, they are an insane tool. If you take the previous low before $0.7 it give you the exact top of the recent price action. See it here:
We'll have to wait for the candle close to get an idea. Also look at the weakness and potential cross in the RSI
I see a small dip before going on to a range of around $2.30 sometime in May.