BTC: a last push to 40K?

2023年11月28日

My initial idea was that once reached 36K area BTC would have cooled down (see that trajectory I had drawn on the chart). However there's something I've noticed over the year which is that last high during a pumping period is always with an RSI which is significantly lower than previous highs (not oversold). Check the arrow on the RSI.

So if we see a breakout of that trendiline it's likely that we'll see price reaching 40K despite the low volume. Once there I suppose that we'll see a real correction which I expect to stop either at 35K or 33K area. My hope is for 33K as I find difficult to believe we could go down to 32K as I thought before.

Shouldn't we see a breakout at this point we'll either see a range continuation or my previous idea happening.

During bullish period things pumps more than expected, I find easier to foresee dumping rather than pumping.

Good luck

2023年12月6日

註釋

I've added new levels since BTC pumped much more than expected. As I said in my previous TA "During bullish period things pumps more than expected, I find easier to foresee dumping rather than pumping" and at least that was right ahahha

Well I'm not perfect, I miss sometime, however this is clearly due to bull market starting and bringing euphoria which means also unpredictability. Watch out!