rodfraja

rodfraja

BTC continues very bulish in an ascending channel that must bring us at least to 30K in the short term. Nevertheless, it is also in a megaphone pattern, which needs now a correction towards the demand area at 20,500. Moreover the top resistance of this ascending channel has been several times retested and it is rock solid. Good luck on your trades!

rodfraja

Time to pack up because the show is over. Objective reached at 52.2K, it could still make a marginal top at 53.2k but the upside doesn't compensate the risk. I am moving my crypto to stablecoins now and wait for a new opportunity, just entered a bit short to keep the adrenaline running, maybe will short a bit more if 53k reached. But I want to be cautious at...

rodfraja

Continuing with my previous idea, we are in a bearish wedge inside of a bigger bearish wedge, so we should go down. Are we ready to go down already? IMO we need one more push up to define the new bearish channel, it would be enough to touch again the 50K but it could also build up a bit higher at 51Kish. Then I expect it to go down to 26K. After that, let's...

rodfraja

We are in bearish wedge inside a much bigger bearish wedge. A new (less bullish) long term channel is forming with the ATH of 2017 and 2021. What should we expect? maybe one last push up to 51.5K but naturally should go down to touch the base of the current long term channel. Then, on the next cycle, I expect BTC will reach the 100K

rodfraja

BTC is still very bullish in the long term, but even though last days have been really good, don't forget we are still in a correction and we are about to reach 61.8% fibonacci's retracement from 28.5k minimum. The last drop left us with a very unstable medium term bullish channel so I don't think drop has ended here. In red you can see the previous long term...

rodfraja

I think most probably will go to touch 30k$, then form a last right shoulder to collapse all the way down to 20k$

rodfraja

Continue with my previous idea: We have left the bearish wedge but we are still in a bearish flag, price should go to test the MA50 weeks which is also on top of a very strong support. Next step depends on how market interprets the wider triangle, are we in a bearish triangle or a bullish bedge? I have drawn both in thick lines. Do you like it? then please...

rodfraja Updated 

Bearish flag pattern limited by strong resistance: Very Bearish. Please click like if you agree.

rodfraja

Bearish flagh, bearish wedge, strong resistance and inside a bigger bearish triangle. Price should go down in the short term. In the long term, I remain bearish until 20k$ target.

rodfraja

Bearish flag pattern limited by strong resistance: Very Bearish. Please click like if you agree.

rodfraja

Prices is still below: Head and shoulders trendline SMA 20w Corrective bearish channel Influence of a bearish triangle What supports price: Strong support of 29k-30k SMA 50w Nevertheless, I believe the rebound from 30k didn't have enough bullish rection, plus the last dip had not enough volume, so I think the price will be guided down by the bearish...

rodfraja

I share my opinion in case it can help you. Accumulation is going towards its last phase, at this moment I believe BTC will retrace a bit and them climb to 42,700 where it should stay ( 40 ,700 - 42,700) until it gets a final impulse to break the upper limit of the downtrend channel . Careful there, we should try to break the 49,000 but we could do a false breaktrough.

rodfraja

Let me share with you my thoughts about BTC as I see correlation between BTC and SPX is growing since institutions came to the market. False breakage of the downtrend channel will lead us to 20k where there will be a massive exchange of BTC from retail investors to institutions. Consider this just my opinion and for educational purposes only