BTC H&S Pattern

2021年12月29日

Looks like the neckline might break soon. Break at $43-46K can move price down to retest 30K. If volume doesn't come in at 30K, we might see a move to $24-25K.

2022年1月5日

交易進行

Major takeaway from FEDs meeting today is:
Market expectations currently are for the Fed to start raising its benchmark interest rate in March, which would mean that balance sheet reduction could start before summer.

My thought on what is next for Bitcoin:
With that being said growth stocks and crypto will feel the pressure. Currently BTC has broken the neckline and for any rally it need to break and close above $47,800. Next I believe traders will try to sweep the December 4th candle wick of $40,829. If that doesn't hold, the road to 30K test will begin. All this needs to be supported by some MORE volume.

2022年1月7日

交易進行

Bears are working on $40,829 and trying to break it below the downward channel support. If they are successful, death cross will be in play. They will surely pave the road to 30k.