BitcoinLong
BTC following yesterday's predicted upward trajectory perfectly!
Just a quick follow-up on yesterday's post which is linked. In the 20 hours since BTC has followed the path set out for it up to 39.5K perfectly!
If my analysis continues to play out then the bulls should push BTC to 39.5K where it will be rejected, and I then see two scenarios:
1. The BTC bulls keep control and push BTC through 40K back into the ascending price channel from Nov/Dec with BTC quickly going to $43-44K, or ....
2. The BTC bears take control again when BTC falls from 39.5K to ~38K, and they then push it back down to the middle of the Jan descending price channel to ~33.5K.
Thoughts and comments welcome.
If my analysis continues to play out then the bulls should push BTC to 39.5K where it will be rejected, and I then see two scenarios:
1. The BTC bulls keep control and push BTC through 40K back into the ascending price channel from Nov/Dec with BTC quickly going to $43-44K, or ....
2. The BTC bears take control again when BTC falls from 39.5K to ~38K, and they then push it back down to the middle of the Jan descending price channel to ~33.5K.
Thoughts and comments welcome.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.