DrJLT的BITFINEX:BTCUSD的BTCUSD possible pullback (~$10k) before the next rally ($12k)

BTCUSD possible pullback (~$10k) before the next rally ($12k)

My general sentiment has been bullish for some time (see my previous posts as well as YT video).

Still, I have a feeling that the bulls are exhausted:

Many alts have stopped growing for some days
We see BTC has bearish divergence in terms of volume
11k is a critical resistance level, as it is the 1.618x of the neckline (I already mentioned it in my previous post)

In this context, I see BTC retesting lower levels in the coming days before eventually rallying to by March.

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Indeed pulled back

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on the hourly, we have seen 12345. let's see if we have completed this correction.

in any case, to say it's going to "2k" is like saying it's going to "-2k" or "-1million".

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Should I start posting it's going to ZERO$ in order to get more views?

Seems the TV crowd loves sensational posts.

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seems to be a small rising wedge in the <1h time frame.

BTC is probably going to trade in range & accumulate

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may have fallen out of the rising wedge. Will this be the "C" leg of the correction? Or is it just normal range-trading?

10k is possibly the key: if we never touch it, it's just range-trading & accumulation. if we cross 10k, possibly 9.5 will be the bottom of this correction, and it'll take longer to retest 11k

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Appears that the range is indeed above 10k. Probably will break out this week

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Very tiny rising wedge visible only on very-short time frames (5min)

I think 10.5k will be the new, higher low

Decidedly bullish but breakout isn't guaranteed today

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another rising wedge, this time visible on 15min

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ASCENDING TRIANGLE

the market seems determined for breakout