Bitcoin 2023 | Multiple Higher Lows Since 2022 | $20,960 Target
Welcome to 2023! ... What will the new year brings us?
What will the first of January of this new year crypto-deliver?
I hope you had a great New Years Eve and also enjoyed your holidays... A green bitcoin can surely add to positive vibes/a good start. 😄
And the charts continue to look good after almost two months of consolidation.
Multiple Higher Lows
Since the year 2023 is just starting we can go back to basics and read all the classic signals...
Higher highs can lead to higher lows...
On a bullish breakout, the initial target short-term can be set at $17,370, followed by $18,056.
Above this level we have a few more resistances but the main one if a higher high shows up, should be $20,960 based on the Fibonacci golden ratio mixed with EW target expectation.
This setup remains valid/active above the 21-Nov. low, that is $15,487... Any trading above this level and we stay strongly bullish.
Patience is key!
Welcome my friend to 2023!
Namaste.
What will the first of January of this new year crypto-deliver?
I hope you had a great New Years Eve and also enjoyed your holidays... A green bitcoin can surely add to positive vibes/a good start. 😄
And the charts continue to look good after almost two months of consolidation.
Multiple Higher Lows
- 30-Dec. Bitcoin hit a higher low compared to 19-Dec.
- 19-Dec. we have a higher low compared to 28-Nov.
- 28-Nov. marks a higher low compared to 21-Nov.
Since the year 2023 is just starting we can go back to basics and read all the classic signals...
- We have an ascending channel.
- BTCUSD is moving above EMA10 and EMA21.
- The RSI is on the bullish zone (50 or more).
- The 30-Dec. candle is a hammer with above-average volume.
Higher highs can lead to higher lows...
On a bullish breakout, the initial target short-term can be set at $17,370, followed by $18,056.
Above this level we have a few more resistances but the main one if a higher high shows up, should be $20,960 based on the Fibonacci golden ratio mixed with EW target expectation.
This setup remains valid/active above the 21-Nov. low, that is $15,487... Any trading above this level and we stay strongly bullish.
Patience is key!
Welcome my friend to 2023!
Namaste.
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followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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