Ich habe vollstes Vertrauen in den Pitchfork, welcher sich seit 2 Jahren als Präzise erwiesen hat.
This is how i make visual the pressure or the fight between bulls and bears
You can perfectly see the jump between the chanels. When we go straight up there will be the third test of the middle line support. We see what happens to the market when the FED tells how mouch % they will take and if there will be panik on the investors front. sry for my not clean english
I think there is a chance to get back under the 20k level because of the Head and Shoulder formation. There is a double Top, too. But this is not bad at all. This is my price target since first got up above the 40K level. This was in my opinion too much euphoria. I will swap my BTC to EUR and wait to buy at lower price. When price gets under the 20K level more...
Second Change. Pitchfork middle line maybe supports. This is a Long Term analysis.
Rising wedges are bearish chart pattern, but the fundamentals are bullish, so we just have to wait till a breakout. I'm still more bullish than bearish now.
We just have to wait a new breakout and confirmation so the can open a position. Because Target of 54.000 is extremely risky in short term. There is a option to make a double Top. This would take us to a bearish market for some weeks?months.
Maybe forming a falling Broadening Wedge. Just an idea
Breakout above the Mid of Pitchfork indicates an 80% of hitting the Highest point of The Pitchfork.
Because of the breaking news who ever is not long could take the opportunity to go long on this level. But everyone should do his own risk management.
Because of the maybe „Fake out“. This Elon Musk Pump and Dump Is in my opinion not even existing for the analysis.
I think bitcoin has a good uptrend but there is to much of emotion in the market because everybody wants to get millionare. The Price does jot even break out over the Middle support and than it has to turn from resistance into Support and than you coouuuld say it is a bulltrend to the upside and reach the higher price level. Not i think the price has in longer...
Maybe the market is not ready to get to the next bitcoin price Level and history is repeating. Maybe the Market has to correct to the 20K-22K zone and then repeat the bulltrend to the 100k-200k level. There is now too much emotion in the Market. I am definately nit sure but i think we are now get rejectet and are going to test the 30.000 price level. One „hope“ is...
Target apporximately on 54.000 K
I think this is a good method to watch how smooth or how fast a level gets passed or rejected
There is in Short term no Volume which can catapult us to the 42.000-45.000 Dollar Level. I think in Long and Short term there is more dreaming than realistic facts. But in Bitcoin everything is possible.