Hi everyone! for a long time I did not make forecasts for Bitcoin, so I thought that now is the time to share some ADVISE )
The first thing that catches your eye is a strong divergence with MACD .. well visible on 4 h and 6 h TFs.. Second thing.., it's vell visible discending corrective channel , which can be interpreted as a bullish flag, the target for the flag goes to the fibo level 1.618 which confirms the goal once again.
The purple channel is the main direction of the trend from the beginning of 2017, and the lower purple line is its second support
From possible scenarios for the near future: I see at least a long-awaited correction to the area of 13000 - 15000 $
Otherwise we can drop by 7k. on the framework of the flag and main trend-line support.
At the moment, most likely we are drawing a convergent triangle, which will show us the way
Hope that my forecast will be useful and i gave you something new in these difficult times , thnx)
@JacintoMonteiro, It's just the beginning of the year ), every year begins with a drawdown and not only crypto market has sank, indices and currency markets have sagged just like the crypto. In addition, the crypt market needed to be cooled, as it is necessary for healthy growth