I think Bitcoin is going to test at least 40k, possibly 45k depending on how strong this reversal is. since there were a lot of shorts in the market i think it could easily get to 45k before any more sustained downward pressure. Let's see
I'm not overly confident in this outlook, and these specific data points are very rough, (I had deleted the accurate harmonic drawing a while ago to see something else) but I did measure everything before and a harmonic bat pattern can be made with a $10-12 price target eventually (no idea when ... 2023 maybe?)
harmonics are not my area of expertise, this one in...
$3.5 - $4.5 Breakout target depending on how strong the move is. Very low float (28m shares) so I'd imagine a stronger breakout. I'll also post a more longer time frame view of this.
The historic Gold to Silver ratio is 47:1
with Silver at $29/oz that puts the ratio at 71:1 (55% undervalued)
At the current levels of Gold, Silver should be $45 per ounce
Add on all dips. Next dip buy 24.5-25
Crazy good store of value that has massive upside.
-k
I don't think it matters when you buy if you're long but if you are concerned about getting the best price ...
short term capitulation just broke. Watch to see if we sustain that. If the long term breaks, just buy.
Not financial advise, I hardly know what I'm doing.