This is just a draft of an idea ... take it with a grain of salt since it is a long shot. We might be in a bull flag formation with a low around mid February, anything between $70-$100 based on what I see now. I will keep an eye on it for a while and update / close it if necessary
註釋
Watch out for this event coming at 11am EST - in less than 3 hours:"Weiss Announces First Bitcoin and Cryptocurrency Grades by U.S. Rating Agency"
weissratings.com/
註釋
Never mind the cup and handle, we are already at the higher level of our target area; since this is 2 weeks earlier than expected, we can see the down channel broken, with the RSI going into the oversold area ... meaning we will have a very strong bounce up. From what exact level, very difficult to say but if I am not mistaken, the market depth shows a lot of buy orders at $100. Good luck all註釋
This is how the daily looks like:As you can see, RSI is in bearish territory but didn`t reach oversold area yet; ADX still shows rising downtrend and the volume doesn`t look good either. So let`s watch for a "dead cat bounce" at this level that might just send the price all the way down to our initial targets of $70-$100
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4 days later, with a very elongated formation, target reached @182. Let`s see if the rally continues some more, even though on the 4h it shows some exhaustion免責聲明
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