BITCOIN... THE END IS NEAR....

Hey Everyone,

Long time no see here on TRADING VIEW!!!

Well... a lot has happened with BITCOIN... And when I say A LOT... I mean a LOT of sideways... A LOT of slow movement... A LOT of stop losses getting killed on certain sites... A LOT of ETF rejections... and probably A LOT more that is not mentioned here...

So I thought I would look at the daily to see where BITCOIN is headed in the next few weeks to months... and in my opinion, I think we are going to see $7,400 high over the next week to a month, then a slow decline to around the $5,950-5,850 range.

So you are going to ask... why not 4K?
Bitcoin is sitting on a long term support line, which I do not think will break. Dominance continues to grow and we are seeing day in day out, the continuing sideways action, and support holding on the retraces, which is why I am seeing that... THE END IS NEAR...

No not the end of Bitcoin or Crypto... the END of the bear market... people always get over emotional when it comes to money...

So my advice when it comes to BITCOIN... This is just the beginning... The best is yet to come :)

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like, that way you get updates as I post them.... :) <3

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The close up version on the 4hr chart
GIVE Me a like for daily updates :)

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Not much to update for today's chart, still in same formation and moving quite slow.

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Bitcoin has made a reach to the top of the channel, in my opinion it is possible that was all we are getting as we are retracing. Counting the waves there should be more to come $7,400 is still very possible

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BTC update!!!! hahaha that sounded exciting... but in actual fact... there is not much to update, still travelling nicely in pattern, still looking for the upper target... and something I noticed about me... Love makes me crazy... but if you find love, don't ever give up! <3 Have a great night everyone!

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I have just noticed a pattern forming in BTC there is currently a channel within the larger channel, and if it can hold, the upper $7,400 target is looking very very likely in the next day or 2 - channel target would be $7,456

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Hey Everyone, I have added a yellow dashed line which shows the wave 1 high for EW. If this is a 1-5 EW retrace won't drop below the line. If we are in an ABC pattern, retrace will be much deeper.

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Sorry for slow update but was travelling home from Bangkok.
The channel has been broken but the EW pattern remains with the yellow dashed line holding

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Just a little bit more and we are at Target :)

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BTC doing as it should... I will do a completely new chart later today with retrace targets :) have a great day!!! Off to run through canola fields and try not to get arrested for trespassing...

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BTC is correcting right now. and there are a few pivot points on the chart
Yellow - Pivot at channel support
Green - Mid Support
Blue - Wave 1 Pivot
Red - Wave 5 to Lower support
Depending on the next few days and where we pivot will depend on whether this is an impulse wave or we are still very much in the bear market heading to retest the bottom.

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Seriously Oversold right now, so i am expecting a bounce soon. How high we bounce depends on how many go long here... but there is plenty of rocket fuel in the shorts right now...

It is possoble for the wave 4 to go as high as the wave 1 low - which is the red dashed line.
We may get a double bottom here and Head up to complete that 5 wave, or it is very possible we need to complete the Z wave - either way - watch the pivot points

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BTC well well well... Lower target still in play - My B wave target is $6602-6712 and then retrace target of $5,935-5,860