If we can bust through 22k, then 24ish is next. Follow this for price action to trend lines.
3 big rejections on the DAILY chart. Maybe heading to about 2300 again. But look to buy in at lower prices, imo nfa
There is a cup and handle (C&H) forming right now inside of a HUGE inverse head and shoulders ( H&S ). If the C&H is completed, price target is ~3570, then in order to confirm inverse H&S , price will probably drop to ~3250 and make its way up to inverse H&S price of ~4460. Let's see if these patterns play out!
I think we're at the end of the mini bear cycle. I know I was telling everyone about a month ago that we could potentially see 37.5k BTC, but I started using logarithmic pricing, and I discovered trends on the daily chart that I had never seen before. The red mid-line trend I drew goes back to April 2018. However, if I included it in the screen shot, it would...
The circled areas are where the price v whale flow has historically bounced. Look for a buy soon as I do believe we are close to the bottom!
MATIC is at a huge resistance. if it can close and hold above it, it's gonna have a nice breakout. If it cant hold, look to catch the falling knife! My bet is on breakout. See trend exhaustion. When it's above the golden line, it's bullish. when it's below it, it's bearish. so if the trend exhaustion bounces off the golden line, which i think it will, get ready...
Now is a good time to secure gains and buy back later, imo!
Matic is about to come into resistance in price action as well as the trend exhaustion. I'm taking some here.
We've recently run into major resistance (see thick, light blue line), and we are likely to head down. Also, see white circles. In the past, they have indicated tops before drops. However, I do believe this may be the last time we drop so be sure to catch soon. 53.5 seems to be a good spot, but it could go lower. I'm looking to buy around 54, 53 and 51. Hopefully...
If this pattern is completed, the price target for BTC is between 54 and 53k. If it doesn't it's just more consolidation until breakout.
Ran into resistance on the 4hr 200sma and hit the top of the channel. Should be heading back down soon. The other 2 indicators you see indicate that it's slightly bearish but not too bearish. But yeah overall, looking pretty bearish. Also I see 1.45-1.43 being a good catch.