BTC NEXT MOVE

2 thg 3, 2022

I think we will see where BTC is going within the next 20 hours (my guess is in the next 8hours but who knows...).
I have my technical targets shown on this chart. I'm currently sidelined looking to get a decent short entry.
Volume on HTF doesn't justify this breakout to be sustainable (imo). Lot's of bearish divergences on RSI even on the daily. Break my violet line (45704.22$) and close above and I'll be sidelined + not looking to short.
However, with all these potential black swans I won't long at the moment.

If this happens to be a so called bull flag, which I heavily doubt, I could see us touching the upper zone of my resistance box which would mean (51579.45$), a very long way to go, but you never know with BTC.

Note that there is a CME gap in the 42k area as well. My system tells me 42.5k area before another bigger move (this would also line up with the EMA50 on the 4H which could act as support).

I have much more to say, but let's keep it "short"!

Note that this is NOT Financial Advice, I'm just sharing my view and looking to have discussions in the comments! Still learning everyday!