Hi guys.
What a opening of the year for BTC huh.
Exceeding all of our expectations.
We are above 33900 which is above the top line of my channel that BTC has been moving in the last 9 months.
So now is the time to see are we going to close above this section or below, because a closing below will maybe initiate a massive correction to test the middle of the channel aeound 25k, and the lower boundary of the channel around 18500k.
If we close above 33900, we are really off to the moon by my observations.
I will add 2 more snapshots on the hourly and 15min chart.
Not financial advice.
Cheers!
What a opening of the year for BTC huh.
Exceeding all of our expectations.
We are above 33900 which is above the top line of my channel that BTC has been moving in the last 9 months.
So now is the time to see are we going to close above this section or below, because a closing below will maybe initiate a massive correction to test the middle of the channel aeound 25k, and the lower boundary of the channel around 18500k.
If we close above 33900, we are really off to the moon by my observations.
I will add 2 more snapshots on the hourly and 15min chart.
Not financial advice.
Cheers!
Note
Looks really nice at the hourly.Note
Here is a bullish projecion using elliot wawe, please correct me if I am wrong. 39000ish is the target by my opinion.Note
is this the retracement we were looking for?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.