BTC - $50,000 by late Febuary
Updated
Interesting downtrend break fractal, 50% retrace seems likely
Close eye needs to be kept on Tradfi (esp. with the likelihood of further hike rates)
Major BTC option expiries are dated on-chart; can expect volatility between both noted dates
Close eye needs to be kept on Tradfi (esp. with the likelihood of further hike rates)
Major BTC option expiries are dated on-chart; can expect volatility between both noted dates
Note
$40,895 - lose this level and it's lights out. Otherwise, successful S/R re-test of this level alongside the 20D EMA we should see some more retracement.Note
Daily RSI bear div. playing out just nowNote
Worth noting that DEFI/ETH has a weekly RSI bull div.Last time this was confirmed on DEFI/ETH was August 2nd after which BTC pumped 32% two days later
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