BTCUSD
has had a fairly decent run this year and looks like it will continue. The path seems to be filled with decent Pullbacks to scare a few people but overall looking like 100k will be the major target for now. The multi year ABCD from the 2020 low gives us a target around the next major level of 80k. The question now is if this PB we had from Thursday is done or will we see one more move lower to the 382 from this move up around the 60k level.
There are a couple of major turn points coming up that I will post.
I will take a look at the shorter TF as well to give some levels to watch.
US Interest Rate decision on Wednesday this week as well will move the market as well.
Comment:
Looking at the key dates over the next couple of weeks. Looking for that reaction tomorrow for the deeper correction first. If we start getting into Thursday and it hasn't started to turn lower then we might be looking at 80k first.
Looking at the key dates over the next couple of weeks. Looking for that reaction tomorrow for the deeper correction first. If we start getting into Thursday and it hasn't started to turn lower then we might be looking at 80k first.
Comment:
After having one more low today i'm now looking for a rally back towards the 50-61.8% area followed by one more low below 60k again. But any move above 72k will mean the correction is over.
After having one more low today i'm now looking for a rally back towards the 50-61.8% area followed by one more low below 60k again. But any move above 72k will mean the correction is over.
Comment:
Bitcoin dropped a little lower than I was expecting yesterday but now we are in a key area where the correction could be over or we get a 3-5 day rally back to 68k before one more move lower into the mid to high 50s. With the FED out there tonight we might get some spiking as the Interest rates now move Bitcoin as well.
Enjoy the day. See where we are tomorrow.
Bitcoin dropped a little lower than I was expecting yesterday but now we are in a key area where the correction could be over or we get a 3-5 day rally back to 68k before one more move lower into the mid to high 50s. With the FED out there tonight we might get some spiking as the Interest rates now move Bitcoin as well.
Enjoy the day. See where we are tomorrow.
Comment:
Getting that correction that has a target around the 70k area then Im thinking there is a good chance of another move below 60k before we head higher again. Looking for a top either Tuesday or Thursday then weaker into the weekend. Interesting week ahead.
Enjoy the week.
Getting that correction that has a target around the 70k area then Im thinking there is a good chance of another move below 60k before we head higher again. Looking for a top either Tuesday or Thursday then weaker into the weekend. Interesting week ahead.
Enjoy the week.
Comment:
A look at potential turn points to watch this week.
A look at potential turn points to watch this week.
Comment:
Up in the ABCD 78% area into a CIT window. Key time now, looking for tomorrow and if we will get the next leg down or if its too strong.
Up in the ABCD 78% area into a CIT window. Key time now, looking for tomorrow and if we will get the next leg down or if its too strong.
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Shorter TF looking at the couple of potential outcomes over the next few weeks going into the halving in a month.