Target $4.9k to $5.3k. Approx 20-30%.
The 200 week moving average on the daily chart has been support for a long time. Jan has been bearish historically.
Right now Jan 6 has been flirting with the top end of the multi-month range and this may cause some restless traders to jump long and the masses are usually on the wrong side of any trade.
The good news is that there should be good buys below $6K in Feb with a rally into the halvening of Q2!
The 200 week moving average on the daily chart has been support for a long time. Jan has been bearish historically.
Right now Jan 6 has been flirting with the top end of the multi-month range and this may cause some restless traders to jump long and the masses are usually on the wrong side of any trade.
The good news is that there should be good buys below $6K in Feb with a rally into the halvening of Q2!
Not
Bitcoin has rallied out of the multi-month zone in a range expansive move. Is this enough for the bullish sentiment to provide liquidity for the Jan downslide? Jan 4 - Jan 7 have historically provided tops for the month of January. The top comes after upward moves from Jan 1st until reversal within a week. Also because BTC did pump into 8.4k currently it expands the percentage gain of the downside target to 30%-40%.
The setup has played out so far let's see if we get a reversal
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Trade is active. Stops c above the $8.4k high on Jan 7.Not
January's for btc since 2014 tradingview.com/chart/PktRVgZt/
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Januay's for btc Since 2014 - 2017Not
Jauary's for BTC 2017- current. Will we get a repeat?İşlem kapandı: durdurma seviyesi
Bullish preasure broke out of the 6month downtrend. Stoploss triggered.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.