BTC, time to prepare for the range breakout!
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.
Trade ativo
Looking very good to enter a long trade here. Any break below the daily OB will invalidate the scenario.
Target: 117k to 120k
Nota
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.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.