MarkLaszlo

MarkLaszlo Updated 

Overall bullish structure on bitcoin. Can be seen by making use of the Modified Schiff Pitchwork. Legitimacy can be confirmed by the major support around 40751, besides the other points of support and resistance that the Pitchwork indicates. Next major resistance areas around 46875 and 65744.

MarkLaszlo

Bitcoin is very boolish. ETF = good --> price go up. Not that hard.

MarkLaszlo

Bearisch butterfly pattern completed after reaching the 18300-19000 zone. After reaching the zone, the 15500-16000 is expected.

MarkLaszlo Updated 

Purely based on trend analysis it looks like we are heading down towards the area of 11k-14k. On the daily time frame it is clear that there has been a big rejection on the 14th of december. Historically, after such a big rejection, a bearish trend follows.