It's gonna bounce either from the current middle green line or the one below and i think it's going to follow one of the lines i drew depending on which one it bounces from.
I expect one last spring wick below $3k but closure above the green line at $3050 and after that to price to slowly creep towards above $4k pre-summer.
Weakness definitely remains with no sign of a relief soon but i highly doubt we close any negligible high timeframe below 159 and either bounce straight from 159-160 levels or form a base around there for potential accumulation stage. I'll definitely be bidding at those levels, confluence of support is a lot.
If we don't close a daily candle above the current line we are on then it doesn't look good but i believe we won't and there will be abounce and a potential new high at 75-76k$ levels.
Wojak even after its big correction after the December highs never actually closed below any structural support to change its bias and now that the overall market is a lot more bullish this is one of the cheapest meme coins with one of the biggest potentials out there. Short term i expect price to reach 0.00047 and then eventually above 0.00074$
It is heavily oversold and overextended and has had the biggest daily volume ever recorded after its bottom with everything else considered there is a peak mean reversion play here for an easy almost %40 gain with %10-15 risk (stop after breaking below the previous bottom)
BTC has overextended to reach the top yellow line and usually when it goes above these extreme outer lines it correct at the bare minimum to the middle yellow line but i think even if it gets a small bounce from there we will dump even further and see even lower levels in the coming weeks.
We are now at 12HR bottom VIDYA support line (green line) and also we are after a breakout of the downtrend and we are in the retest phase of that said breakout, so if the trend and the support holds i can see this going up to somewhere in the green rectangle
Any weekly closure below the green line (approx 25k) invalidates this and makes it very likely for us to see 21k for BTC instead of 38k. After approx. 38k BTC will correct 30-40% during summer and probably hibernate until mid/late winter where then it might see more action upwards.
I'm seeing accumulation while price is trending sideways/a bit down. Probably there will be a quick scam wick downside and then a fast bounce upwards over the coming days. We should not close below 22k otherwise
PRDGS will probably start its bounce starting from Monday next week and possibly extend it with the announcement of the quarterly balance sheet. We can clearly see the 5 wave Elliot Wave and that the sellers are exhausted with the Weiss Wave Analysis, also a nice sign that the weekly closure was above the lower 1.618 fib line and depending on how the broad XU100...
There is a very chance that there will be a bullish engulfing candle and the underlying market will pump +%7-9 in 15th of February.
Short Term it can pump up to %50 and this would also activate the higher term timeframes and might start a more general and bigger rally that can even go 10-30x depending on the whole crypto market situation.
We have a dream. 16/01/2023 - 20/01/2023 = 11,470₺ 23/01/2023 - 27/01/2023 = 16,780₺ 30/01/2023 - 03/01/2023 = 27,020₺ 06/02/2023 - 10/02/2023 = 42,510₺ 13/02/2023 - 15/02/2023 = 50,10₺ (It's a bit of a joke and should not be taken seriously but oh boy if it actually happens lol)
A bounce from the middle thich green line like the last few times it has done would signal a major continuation of the rally like September, if we are really going to get levels like 8000-10000 we really shouldn't break this structure and trend and i believe we won't.
Buying around current levels to target somewhere around the 40TRY mark should yield an easy 10% it is currently at a very important and a very strong support level and depeding on how the XU100 performs it can give us an easy 10%
Friday had INSANE amount of volume (like 10x of average daily) with buyers absorbing most of the sales at the minimum traded price level (10 TRY) which kind of forms a new bottom and entry for a lot of major players so with bears getting exhausted and with thinner low liquidity sell-side order book might mark the end of the major correction and can bounce even up...
SASA might be due a short bounce and an easy profit of around 5-10$, If the weekly closes above 114TRY it might even run back up to 150TRY levels which is even better but that's a weekly chart analysis and we're here for a daily swing trade buying at around 104-105TRY levels.