So after years of watching history repeat itself with the new year and bitcoin price action also following many fractals of previous patterns at play
looking back further using 12hr chart and fibs show so clear signs for the next few months
with the next days and weeks if breaching the red line of resistance bitcoin can recover to a huge recovery of 50%+ and most of the USDT alts with it
there is still chance of further downside action if MM's and whales want it to goto 6k area shown by the fibs
RSI is ripe for upward action, MACD also looking like it needs play
my friend CoinMajesty has given the date of the 7th feb as a pivot date, so watch this carefully
long term im bullish but just watch the price and any news that could send it further down to lower fib levels
2k is probably out of many peoples possibilties and mine too, but never rule it out if the charts show signs
good trades
looking back further using 12hr chart and fibs show so clear signs for the next few months
with the next days and weeks if breaching the red line of resistance bitcoin can recover to a huge recovery of 50%+ and most of the USDT alts with it
there is still chance of further downside action if MM's and whales want it to goto 6k area shown by the fibs
RSI is ripe for upward action, MACD also looking like it needs play
my friend CoinMajesty has given the date of the 7th feb as a pivot date, so watch this carefully
long term im bullish but just watch the price and any news that could send it further down to lower fib levels
2k is probably out of many peoples possibilties and mine too, but never rule it out if the charts show signs
good trades
Trade active
still on risky ground here, gotta break that red line for me
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Related publications
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.