BTC - continued path to $7k-$8k

BITFINEX:BTCUSD   Bitcoin / Dollar
289 0
BTC will struggle to get to $7-$8k from here without either a 1-2 day sideways consolidation or a more brief rally. I expect this because:
(a) 4hr RSI is oversold
(b) There is divergance on the 4hr RSI

Depending on how long the consolidation occurs for, we will either then have one flash sell off or a double sell off with another consolidation in between.

Either way, I expect that we will find the final level of support at around 8000 but I am expecting a very brief flash through this level to 7500 or even 7000 like on 22 Dec. You can capture this by putting in limited orders.

I'm then expecting to see a quick bounce back to to the 10,500 levels. This will then be a crucial point. If we see a reversal back down from here we could well be heading into a new 5 wave contraction, this would be a prolonged 1-2 month period where we could head back to $2-3k. I'll be watching carefully at this point and would look to sell all, including most of my core if this looks like happening.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden