Expecting this move to hit 2 major resistance points simultaneously. Top of the pitchfork and supply intersect to force price down to prior demand levels. No fed meeting until Sept may allow further upside later in month. A breakout above the pitchfork would indicate a potential full reversal with a MASSIVE move up over the next few months.
Looking out to 2023 again in search of some "hopium" and the entertainment value, once the tide finishes going out on BTC and providing a firm footing @ 10-12k is established... I'm going to target a Measured Move to the upside of this big beautiful descending triangle : ) ...TP1 28.5k & TP2 47k.....IMO by next year people will flock to the only truly...
Bullish bat may confirm the 10-11-12k PT for bears further down the road into 2023. Looking to be a choppy channel near term between 20 and 25k with a roll over looming with every Fed announcement ... next months Q2 numbers looks to be the largest hurdle atm now ...if a recession is ultimately confirmed, hold onto your hats!
Developing channel on 1HR heading to 20k support ...most downward channels break to upside so looking for retest resistance 23-24k region before heading back to 20k support for the all awaited retest of this critical area on daily ... personally waiting for a show of strength before picking up more