BTC Bitcoin Jan 25th Update, do or die for the bulls
Sharing this update from Jan 23rd with the community here
"Crypto is leading again. I was creaming about not going crazy about crypto; you can see why now.
Still think that it will hold into mid-Feb; watching for the weekly support to close above 39.9k to confirm.
The next support target is at ±36k (38.5k was hit), followed by ±34.3k
The main target is at 32-29k
It still has a chance of a takedown move here and a move to 46k into mid-February, but so far, the price is quite bearish, also way below mid-Bollinger and trending lower.
I will be swing long if 32-29k is tested"
One more to note is that the price has broken below is rising channel and a re-test of ~41.3k will be important for the next price action.
Im more leaning into the ABC down into Apr/May low with A wave being in progress now!
"Crypto is leading again. I was creaming about not going crazy about crypto; you can see why now.
Still think that it will hold into mid-Feb; watching for the weekly support to close above 39.9k to confirm.
The next support target is at ±36k (38.5k was hit), followed by ±34.3k
The main target is at 32-29k
It still has a chance of a takedown move here and a move to 46k into mid-February, but so far, the price is quite bearish, also way below mid-Bollinger and trending lower.
I will be swing long if 32-29k is tested"
One more to note is that the price has broken below is rising channel and a re-test of ~41.3k will be important for the next price action.
Im more leaning into the ABC down into Apr/May low with A wave being in progress now!
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