Because why not!!!
as of January 1st BTC (
XBTUSD.P
) looks to be headed to 4,800 - 5,200. After which it breaks down to 3,600 and back up to 4,200 before going down to double bottom at 3,100 or to set a slightly lower low at 2,900. Then it moves sideways to be rejected again by the upper line of the falling wedge pushing it to a final low of 2,400. It could range sideways bouncing around between 2,400 and 3,100 before breaking the top of the wedge to retest 5,000 breaking through to test the major resistance at 6,000. Then a lot of ranging around (not all shown) below 6k with higher lows forming an ascending wedge with a breakout in January 2020 with a target of 16,000 near the time of the halving in May / June 2020. After which it should be in blue sky breakout to the moon!
Keep Calm & Trade / HODL on!
Cheers
as of January 1st BTC (
XBTUSD.P
) looks to be headed to 4,800 - 5,200. After which it breaks down to 3,600 and back up to 4,200 before going down to double bottom at 3,100 or to set a slightly lower low at 2,900. Then it moves sideways to be rejected again by the upper line of the falling wedge pushing it to a final low of 2,400. It could range sideways bouncing around between 2,400 and 3,100 before breaking the top of the wedge to retest 5,000 breaking through to test the major resistance at 6,000. Then a lot of ranging around (not all shown) below 6k with higher lows forming an ascending wedge with a breakout in January 2020 with a target of 16,000 near the time of the halving in May / June 2020. After which it should be in blue sky breakout to the moon! Keep Calm & Trade / HODL on!
Cheers