It seems like BTC is reaccumulating right now. The minimun price target would be 43k, the highest ~46k. Then its time for a distribution, followed by a selloff. As long as BTC stays above 31k, the bullmarket is still activ. Have a nice weekend.
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The worst case:
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minimum target: 42k.
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Mid December I see BTC at ~48k-50k.
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My last date for the 50k is january 15th, the day of the possible ETF approval.
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going for the C!
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Its poppin!
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Wave c almost completed!
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44k would be a premium sell zone!
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fear and greed index at 75 now! A top is building! Time to close some longs!
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TARGET ZONE REACHED!
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IF 44500 was this years top, then btc is now at wave (1) of (5) of the corrective wave.
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Possible next days:
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BTC on the way to wave (2) of (5)?
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at ~43k is HARD resistance now. Watch the reaction of BTC once it gets there!
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Resistance at 43k hit hard. Will we see volume or is BTC ready for a bigger drop?
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As I said before, 43k is a hard resistance now and wave (2) of (5) is in!
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So still, 43k is the final boss right now. No weekly close above 43k -> be ready for lower prices!
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So far so good.
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Distribution is done,if you ask me.
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I hope noone got hurt.
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Make a prayer for everyone who went long above 44k. 🙌
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Bitcoin Etf approved. Buy the rumors, SELL the news. 35.000 here we come.
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US inflation is increasing. DXY might push soon! Bearish for the market.
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GBTC is killing BTC now!
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Slowly but surely! Dont panic! 🙇♂️
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BTC needs weekly close above 45k to push higher and invalidate this idea!