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.
Сделка активна
Looking very good to enter a long trade here. Any break below the daily OB will invalidate the scenario.Target: 117k to 120k
Заметка
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.
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.