BTC may BO H&S b/w 5Mar & 27Mar with TP=55400

23 ก.พ. 2022

BTC may see a potential reversal at current 38k level or lower up to 34k. It made a Left Shoulder in 23 days & a head in 45 days. (There is also sort of a bullish falling wedge?)
Using the same projection, we may see a completion RS & BO of NECK sometime b/w 5Mar & 27Mar.
The projected Target Price is the 61.8% FIBONACCI level at 55400…a 60% move from 34k assumed low of RS.
In my last post, I mentioned that BTC may still make a B wave up to somewhere along the red dotted median line of the Pitchfork (I think somewhere b/w 52k & 55400) & then it will be rejected down to complete the wave C at the lower pitchfork. (The last dump was not able to reach the lower pitchfork)
GOOD NEWS GOING FORWARD: we may see BTC as high as 91500 the 1.618 FIBO level in 2023 but with a lot of volatility in the last wave 5.
This is just my hobby on the belief that all smallfish like me should learn trading so as not to be manipulated & eaten alive by whales out there…but not a financial recommendation.
May the MARKET be with you always my friends!