BITCOIN Price Areas & Targets

Happy New Year 2022 Everyone!

Here are my inmediate short-term targets for BTC.

Its based on the Fibonacci retrcement of the current trend that was initiated by the crash on December 4th.

Tomorrow I will post video specifying things and I will also look at patterns, indicators and targets on some larger time frames.

Please Leave me a comment/like if you found this post interesting and subscribe if you would like to see more.

As always thank you guys and happy trading!

Comentário:

The lowest target here is obviously the bottom of the fib. which represents the bottom of the crash early in December. I have some even lower targets that make more sense when looking at larger time frames.
Make sure to check out my previous posts for more info and watch this space for my new video tomorrow!

Comentário:

We are back at the 0.618 fib. Which now also turned into the neckline of this W pattern.

Comentário:

If we draw the W out completely, we see that the neckline is the target area of the smaller W after breaking the golden pocket area.

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Shooting star on the 4h

Could go down

Comentário:

This is the composition of the shooting star and current candle on the 4h from a 15min perspective, a good example for why a shooting star is such a bearish candle.