BTCUSD towards 115k and lowerBased on RSI divergence and supportlines. Supportline below RSI. Channel for the impulse. Supportline for the finalization of wave 5. Top in start January.
Key data points
Previous close
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Open
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Day's range
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BTCUSD correcting to 8000 USD before move upNow in wave 4 of (3) to complete with (4) and (5) and then ((B)) to end (((2))) begin 2023
Expecting 5 to complete in an ending diagonal
BTC Long around $19500I believe we bottomed because of many confluences and indicators especially daily divergence and hash ribbons buy signal.
I'm expecting bitcoin to retrace at around 19.5k level because it left a daily gap and it has to be filled before we start rallying :D
Watch out below this levelThis level is weekly support, if it breaks, I think price action will fall into the 14,000 region.
BITCOIN is GOING to REACH 1500 TODAY!After doing a lot of analysis, this time something simple and precise with fibonacci and harmonic-patterns.
TP: 1500
*** If you don't understand this graph, you could take the time to study harmonic-patterns (basic of my strategy), sitting in your houses doing nothing ... don't make money, study!
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Displays a symbol's price movements over previous years to identify recurring trends.