Hello everyone,
I detected some interesting patterns in the current Bitcoin daily chart.
The first range boundary was set mid of November 24, the upper range boundary on Dezember 17. The retest of the lower boundary was at January 13. Maybe you realise the time between the price events is very similiar, so I would expect to see a breakout to happen around the 10th of February (+/- 5 days). This aligns very well with the seasonal pattern (February is the strongest month for BTC in historical data).
Also we are printing higher lows and are back in the upper part of the range, which is a good position to get ready for the breakout. Targets in the region of 120k are very likely within the next weeks. This aligns very well with the wave count I follow for a while now. You can see the bigger picture in other ideas I published.
I detected some interesting patterns in the current Bitcoin daily chart.
The first range boundary was set mid of November 24, the upper range boundary on Dezember 17. The retest of the lower boundary was at January 13. Maybe you realise the time between the price events is very similiar, so I would expect to see a breakout to happen around the 10th of February (+/- 5 days). This aligns very well with the seasonal pattern (February is the strongest month for BTC in historical data).
Also we are printing higher lows and are back in the upper part of the range, which is a good position to get ready for the breakout. Targets in the region of 120k are very likely within the next weeks. This aligns very well with the wave count I follow for a while now. You can see the bigger picture in other ideas I published.
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Looking very good to enter a long trade here. Any break below the daily OB will invalidate the scenario.Target: 117k to 120k
Ghi chú
Not much happened the last days. It looks like BTC is now prepared for an upside breakout.
Also the tradinional market looks promising: DXY down, US-Indizes up, Metals up.
It supports the idea of a continuiation of the everything-bullmarket.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.