Short

BTC - 17FEB

Updated

After long Bear Market way down and we can see the trend of new Lower Lows and new Lower Highs, BTC starting to go lost momentum since Jun 2022 until Nov 2022. Starting Nov 2022 we start seeing sideways, low volatility sign looks like consolidation until Jan 2023. Then its start rally from 16.7K to hit back 25k, if BTC could break 25K and get support, next target could be 31K. but i still believe this rally is just B corrective wave from bigger A corrective, so i believe if BTC failed 25k, we can see new Lower Low below 16K.

So, please be careful, mindful of Money management and risk

Note

Lower High got rejected. if 20K breaks the next stop probably creating new Lower Low. but becareful and mindful on fake out.

Note

20k hit, but as expected could be fakeout and now creating HIgher High. Looking for Doji as sign of reversal and see where is new Higher Low as trend continuation around 30K. But lets see 28Mar 2022 historically, it's shown a big drop afterwards. so be careful and manage your risk

andryj

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by andryj

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