dean_rcg

dean_rcg

If Bitcoin breaks through the lower level it will go down further.

dean_rcg

See chart, expect upward movement if BTC breaks the neck line.

dean_rcg

Looks like we might be out the other side in a few days...

dean_rcg Updated 

There's a wedge formation in play and Binance coming back online soon may well push BTC through the top of it for some gains.

dean_rcg Updated 

on the 15min chart, looking for a climb if it breaks through the neckline...

dean_rcg

BTC Just broke through the top of the cup and handle formation so we can expect a rise.

dean_rcg

Next 2 possible options...

dean_rcg

If correct we still have a way to go...

dean_rcg Updated 

Close to formation, looking for breakout.

dean_rcg

After a bit of a detour we finally seem to be getting down to the sort of level that would signify completion of the C Wave. Looking at previous January’s I think we may see some sideways movement until the end of the Month.

dean_rcg

The Head and Shoulders has nearly completed, when it does I don’t see how BTC doesn’t drop to support, at around 10k. That will complete the 5-3 wave cycle and herald the start of a new, bigger 5-3 wave. If 10k doesn’t hold, the next stop is the old trend line at around 8k.

dean_rcg

Might be heading down to ~8500 if breaks through the bottom of the head and shoulders...

dean_rcg

Hoping we can maintain an upward channel for a while...

dean_rcg

Just my take on it, no doubt BTC will prove me wrong...

dean_rcg

Looks like going down a bit further yet...

dean_rcg

The double bottom may be back! Watching for now...

dean_rcg

On the 4 hour chart we can see that the correction at the end of November returned down to the trend line so will this correction do the same, that is the big question?? If it does, it would be somewhere around the 11500 range. I'd be interested to hear your view?

dean_rcg

We've had the bull trap and the return to normal... Fear Capitulation Despair Return to the mean it's just another beautiful day in crypto land!