Based on last price movements I believe we might see a bullish wave in January to aim and retest 35000.
Here are some reasons to think about it:
-Price is currently lying on the upper line of the descending channel. A line that was broken a few weeks ago.
-Price has been forming a triangle for the last 10 days. We have seen this type of structure several times during the last year. Every time it happend, trend changed direction at least temporarily.
-There is a possible formation of a cypher (blue one): .78 fib happens to concur with 35k which is a level that has been rejected several times and could be a good entry for shorts aiming to new lows. Last year we saw a perfect cypher that worked out very well (red one)
-Lastly a possible ABCD could be taking shape as well:
This idea could be validated with good CPI numbers in January.
Here are some reasons to think about it:
-Price is currently lying on the upper line of the descending channel. A line that was broken a few weeks ago.
-Price has been forming a triangle for the last 10 days. We have seen this type of structure several times during the last year. Every time it happend, trend changed direction at least temporarily.
-There is a possible formation of a cypher (blue one): .78 fib happens to concur with 35k which is a level that has been rejected several times and could be a good entry for shorts aiming to new lows. Last year we saw a perfect cypher that worked out very well (red one)
-Lastly a possible ABCD could be taking shape as well:
This idea could be validated with good CPI numbers in January.
Ghi chú
Possible scenario if the triangle breaks downside:Ghi chú
Giao dịch được đóng thủ công
I dont trust any upside movement more. Tomorrow CPI could complete a scary head and shouldersGiao dịch đang hoạt động
Price broke out of the red wedge so I am considering a retrace to 33,5k levels. That could be the formation of an inverted H&S. If this is validated, then I would consider the idea of a double top at around 36k. That could happen in this trimester leaving a bearish outlook for the rest of the year. Ghi chú
Ghi chú
Selling pressure could continue until 32k
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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.