2821 is the price I'm looking at for a mid term bottom.
This could also be the point of trend reversal, if bulls can chance the trend and close February above the 50 moth MA (yellow line on the weekly chart below).
This is a medium term analysis without many confirmations from the FIB perspective, please do not take this chart for the truth and do your own research.
22. of january .. small bullish hammer? So maybe we could break your triangle in the next few days.
But i think it is also possible to form a lower low (under 3.100 USD).
ItsShowtime
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@Crypto-Coin-Trader, Possibly yes, if you're short already it would be advised to use the stop loss here. But I think we will see no real breakout on the bullish side, I think we will close the d
ItsShowtime
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*Close the day under 3550.
ItsShowtime
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@Crypto-Coin-Trader, Also I don't believe in hammer candles for BTC. It bearly works on Bitcoin :) Look at the 26th of December ;)
But i think it is also possible to form a lower low (under 3.100 USD).