Estimated #Bitcoin price movement before Halving.
The whole scenario, as I see it, with all areas of interest for the next three months
At the level of 9100$
, resistance is about which the price will break a couple of times and from which there will be a correction. First, the correction will go by 50% Fibonacci, then by 23.60% or 38.20% and then we will break through the resistance and go beyond $ 10,000
. But if we break through 9100
from the second time (i.e. now), then increase to 9500-9600
to the upper border of the ascending channel and from there we will go for a very deep correction.
While we touched the zone of interest 9075-9250
for the second time, we are now observing, either we break through and go to 9500-9600
(the upper boundary of the channel) or go down to the zone of interest 8295-8200
and see what happens. If the zone withstands, then let's go test 9100
again, if not, which I expect, then we will go to the second zone of interest 7870-7689
and we will turn around from there. There we have the bottom of the channel and the Fibonacci level of 50%, an ideal place to turn around and go beyond the level of $10,000
. But if this zone breaks through, then we go to the third zone of interest 6933-7235
and in this case, after a long lateral movement for 2-3 months, we will gain momentum again.Look
how perfectly all trend lines fit in this model, both descending and ascending, but how they look closer.
On January 14, #BTC broke the downtrend line in the region of 8400
and there was already a retest of this trend, the breakdown is true for all breakout qualifiers, and price projectors indicate an increase from 10,200 to 12,600
. At the moment, we are seeing the first signs of a price decrease, which At least 8600-8500
will happen, and the maximum is 7700-7500
. Today I closed another part of the long position at 9191
at the peak. In the area of 10500-11000
, I want to close all my positions of the longs that I’ve been collecting since the end of September, where I got the average entrance of 7500
. Then I immediately plan to roll over into shorts with goals of 9-8k
. Then again close all the shorts and already roll over again in the long with goals at 16-18k.
Trade correctly, trade wisely and think constantly.
There is no simple money in the market.
All our clients who trade according to my recommendations are happy for calm and systematic trading, which makes it possible to pick up from 10 to 30%
of the price movement from the market.I wish you all profitable trades! 📈