An AI SW had predicted for this rally a target of 65000 (a fibo 2.6) which we reached.
CCI is falling on the weekly since 4.1.2021 indicating a nearing change in trend direction while the BTC price went up 50% during this time ( bearish divergence).
On the daily chart we se a rising wedge pattern ( bearish ).
That is why we say that the BTC-Rally has ENDDED or will end very soon.
We will trade on short direction as soon as BTC leaves the vedge downwards.
We identify as buying ranges for BTC 5k to 9k.
The next rally target will possibly be in the range 175k to 200k (Fibo 2.6 from bottom).
! This prediction is my opinion about the market and it is not an advice for anybody.
! I am thankfull to those showing points missed by me or where I am possibly wrong.
I wish the best for everybody..
CCI is falling on the weekly since 4.1.2021 indicating a nearing change in trend direction while the BTC price went up 50% during this time ( bearish divergence).
On the daily chart we se a rising wedge pattern ( bearish ).
That is why we say that the BTC-Rally has ENDDED or will end very soon.
We will trade on short direction as soon as BTC leaves the vedge downwards.
We identify as buying ranges for BTC 5k to 9k.
The next rally target will possibly be in the range 175k to 200k (Fibo 2.6 from bottom).
! This prediction is my opinion about the market and it is not an advice for anybody.
! I am thankfull to those showing points missed by me or where I am possibly wrong.
I wish the best for everybody..