BITCOIN reached its W pattern take profit target.
expecting a pull back too retest the breakout to see a continuation too the upside. 40-48k which is where I predict we will see a reversal, based off previous price actions and cycle's.
Defiantly a danger zone where ill be paying close attention too!
*completely different macro environment with many variables.
*recession indicators signalling + combined with a potential inflow off new currency due to the current war's happening around the world.
Short term view looking to back test. 32 - 29k range which would indicate a bullish reversal if we see daily candle closes above. once reached.
possible wick down to the 28k zone. although BTC is in a strong position with the potential of the BITCOIN ETF getting passed.
Altcoins are waking up! exciting times ahead..
previous chart attached below... 13/04/2023
expecting a pull back too retest the breakout to see a continuation too the upside. 40-48k which is where I predict we will see a reversal, based off previous price actions and cycle's.
Defiantly a danger zone where ill be paying close attention too!
*completely different macro environment with many variables.
*recession indicators signalling + combined with a potential inflow off new currency due to the current war's happening around the world.
Short term view looking to back test. 32 - 29k range which would indicate a bullish reversal if we see daily candle closes above. once reached.
possible wick down to the 28k zone. although BTC is in a strong position with the potential of the BITCOIN ETF getting passed.
Altcoins are waking up! exciting times ahead..
previous chart attached below... 13/04/2023
Comment:
April 13 2023
