It's been a lot of talk around BTC's price action as of late, here's my 2 cents on the matter.
We are witnessing a bullish MACD crossover on the 4h chart that is also supported by a bullish divergence with the RSI. The levels to watch are 42.500$ ( for about 4 months already ) and 45.500$. Above this levels if we get some strong buying volume we should at least see a touch of the 56.000$ levels in the next 60 to 70 days ( fibs timezones ). We had a 0.618 fibs correction from the top and now we're seeing higher lows on the weekly. This usually means continuation or at least a bullish retracement over 56.000$.
Invalidation under 37.500$
This is not financial advice, please enter trades only based on your own analysis. Crypto trading is a very risky endeavour and if you are not careful you can lose all your hard earned money
交易進行
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We managed to hold the 37.500$ area as support. 69 days to 70k BTC ;) Will continue the countdown. Check our twitter for updates or trade with us on wedontsubscribetohype.com
交易進行
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had an unfortunate dip to the 34.8k area, plan is currently invalidated, I'm still in my spot positions, will buy more if I get a chance under 28k
交易進行
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dip to 33.200$ today, I'm expecting a bounce here to the upper 50k area in the following 7-8 days, still on the countdown, 62 days to 70k BTC.
交易進行
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Still have 3 days to go, because the current market status is still bearish I think the projected bounce will be in the 45k area for now. I'll keep updating this.
交易進行
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Was wrong about the timeframe for the bounce, I'm still expecting to see at least a touch of the 39.600$ level by the end of May 2022. We had 8 red weekly closes in a row, this actually never happened in the last 12 years, a relief bounce should come.
You're projecting the next 75 days on a 4hr chart?
Robi_Nitu
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@without_worries, no, it was the setup for the 26th of April ( didn't hold up ). Probably the end of the week will bring some clarity. The next 4 to 6 weeks I estimated to be bullish - wrote about it in the description, best of luck with your trades friend !
without_worries
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If this month closes above 43k a green candle will print on the monthly past resistance trend line that is 10 years old. It would mean a 600k+ Bitcoin by early 2025. You see, all this bouncing around $30-40k is just a rounding error. Folks will be kicking themselves have sold during this time.
Robi_Nitu
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@without_worries, agree, only thing that somewhat worries me is that on the yearly we almost have 5 completed waves, an ABC "should follow". Not before we go to over 70k though. Happy hunting !