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.
Not
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Web:
UNDER C.
Follow me on Twitter:
twitter.com/blauersamt_
UNDER C.
Follow me on Twitter:
twitter.com/blauersamt_
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.