I posted a near term BTC idea recently before it broke out - It has hit exactly so far (linked). Here is a mid-term projection that will come into play as BTC reaches upper target of previous projection:
Breakout Level was 19783
- Initial Target by mid Feb 2023 = 25k-28k (previous idea aligns with bottom range of this target zone)
- Then pullback to test support at 19.7k-21.5k by mid March 2023
- If these hit, Target by end of May 2023 = 28k-33k (point target 30k)
Bullocks and Yarbles to near-term bears.
~Likely intraday big move to 24k coming tomorrow 1/23/23
Breakout Level was 19783
- Initial Target by mid Feb 2023 = 25k-28k (previous idea aligns with bottom range of this target zone)
- Then pullback to test support at 19.7k-21.5k by mid March 2023
- If these hit, Target by end of May 2023 = 28k-33k (point target 30k)
Bullocks and Yarbles to near-term bears.
~Likely intraday big move to 24k coming tomorrow 1/23/23
Comment:
Upper target hit. What a scam :)
That was likely the extent of the move up, not expecting it to make it to 25-28k yet. Expect selling beginning this week that could last til mid Feb. It will get hit to 19k-20k to test support.