Bitcoin to $40k?

Dec 7, 2021

Hey guys! I'm new to TA and thought I'd take a crack at Bitcoin - my apologies if I'm using some jargon wrong! >.<

Pay close attention in the coming days as we test the 6 mo trendline:
- If it fails, we could be headed towards the yearly trendline at 40k
- If it tests on the upside and holds, we could be looking at 70k again


I also noticed a larger triangle forming but it may be too early to tell.

I'd love to hear what you think in the comments! :)

Dec 21, 2021

Note

We got a bounce off the 6-month trendline to the downside around the 9th.
BTC looks like it is currently headed to ~40k.
I will definitely be keeping an eye out to enter if there is support at 40k ^.^

Jan 7, 2022

Note

Target hit!

Now watching closely to see if the support line holds - Planning to enter after a bounce.

Jan 15, 2022

Note

Looks like we got a rejection off the bottom support - entered a bit and looking to expand my position after a breakout of the downtrend or the support line.

Jan 21, 2022

Note

We saw a pretty significant break through the 1yr support line - If this line becomes a resistance, we could see a LOT more pain for BTC.

May 11, 2022

Note

Looks like the 1yr support line has become a resistance...yikes!