Clear bullish trend and signs
Although we could see a draw back to arnd 65k support, btc will see ATH's soon. I predict the end of this bullish cycle arnd 105-115k.
Cup&handle formed.
No advice, just my believe/interpretation.
Due to the power of big players we could see manufactured dips, I'll consider these as false.
Cup&handle formed.
No advice, just my believe/interpretation.
Due to the power of big players we could see manufactured dips, I'll consider these as false.
Trade active
Be aware! Around 105k, cup&handle fullfilled amd we will touch the rising trendline; probably we will see a substantial correction to around 75 support
no advice, just my idea... good luck!
NOTE: with the positive sentiments around more appreciation of btc in the upcoming Trump-era we could see a surpassing of the resistance levels and a further rise to 130k area. The correction / backtest tot 75k area will happen anyway later and steeper then.
Trade closed manually
Looking at the clear trend channel I expect 'the battle of 100k' and I wouldn't be surprised if whales will force a breakthrough 100 up to 105-115k and create a false bullish break.
A quick down to around 75k and depending of the global developments on sentiment - wars, markets, Trump etc - an even quicker recovery to a high above the 105-115k.
I closed my trades for now, and i'm neither betting on up or down now.... wait and see, being patient. Good luck!
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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.