Honestly, there are countless possibilities and patterns for Bitcoin right now. I am focusing on a Potential Double Bottom (W) Pattern since I am following that Idea since mid-December 21, for now, there's more evidence that this actually can be a Double Bottom Pattern.
Just FYI, Weekly was charted here.
As said above, there's a Chance that Bitcoin is evolving into a Double Bottom or so called W Pattern. What gives me confidence is the Fact that the "Heikin Ashi" Candles are sowhing a weakening Trend, so that there's a chance that the current trend finally will change into an Uptrend. This thesis is backed by the RSI which is recovering, a bullish cross will probably happen in 1-2 Weeks, if no major news etc. will crush it.
The Target for the Double Bottom should be somwhere between 100-110k, in the following Months. Of course, just if a Breakout occurs.
If you like my Content, hit the 👍 and/or comment and make sure to follow.
This Analysis is not intended to be investment advice. Always DYOR.
Just FYI, Weekly was charted here.
As said above, there's a Chance that Bitcoin is evolving into a Double Bottom or so called W Pattern. What gives me confidence is the Fact that the "Heikin Ashi" Candles are sowhing a weakening Trend, so that there's a chance that the current trend finally will change into an Uptrend. This thesis is backed by the RSI which is recovering, a bullish cross will probably happen in 1-2 Weeks, if no major news etc. will crush it.
The Target for the Double Bottom should be somwhere between 100-110k, in the following Months. Of course, just if a Breakout occurs.
If you like my Content, hit the 👍 and/or comment and make sure to follow.
This Analysis is not intended to be investment advice. Always DYOR.
הערה
Web:
UNDER C.
Follow me on Twitter:
twitter.com/blauersamt_
UNDER C.
Follow me on Twitter:
twitter.com/blauersamt_
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Web:
UNDER C.
Follow me on Twitter:
twitter.com/blauersamt_
UNDER C.
Follow me on Twitter:
twitter.com/blauersamt_
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.