BitcoinLong
#Bitcoin update after Jan 27 '25
I won't lie. Yesterday the 27th was an exciting day. After a response that again only had news from China, more about this later, the correction went a little deeper than hoped.
The bounce also remained quite a bit and key levels were not broken.
Yesterday I sat with my group and came to the conclusion that we had to go up again tonight (European time).
Broken important key levels last night, after which we now have a retest on our pennant.
Ultimately, I expect we will break the pennant and not spend too much time here heading towards the ATH. This will become a bottleneck with possible bounce, but expect us to break this before long.
My first target of 133k will be my first goal.
It is possible that we now have wave 1 ready, if the signals become clear, we may have a higher target. More about this later.
Thank you for your patience.
Be kind to the world and each other!
The bounce also remained quite a bit and key levels were not broken.
Yesterday I sat with my group and came to the conclusion that we had to go up again tonight (European time).
Broken important key levels last night, after which we now have a retest on our pennant.
Ultimately, I expect we will break the pennant and not spend too much time here heading towards the ATH. This will become a bottleneck with possible bounce, but expect us to break this before long.
My first target of 133k will be my first goal.
It is possible that we now have wave 1 ready, if the signals become clear, we may have a higher target. More about this later.
Thank you for your patience.
Be kind to the world and each other!
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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.
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.