Today Bitcoin closed the day at 47,770, which is the highest close (moving up) since March 2022, almost two years ago.
➖ The daily session wicked to hit as high as 48,505 —February 9, 2024.
➖ January 11, 2024 —Bitcoin peaked at 49,435 on a wick, with the session closing at 46,350.
I will not go into all the details but the dynamic between Bitcoin's price, the trading volume and RSI all point toward the end of this current move.
We can refer to this type of move in several ways: A "dead-cat-bounce," a "pull-back," wave b of a Zig-zag, etc.
The truth is the chart is screaming SHORT!
👉 The minimum target for this correction is set in the 30,000 - 32,000 price range.
👉 My projected bottom target goes much lower, between 22,000 and 26,000.
Remember to do your own research.
You are appreciated.
Your support is appreciated.
Thank you for reading.
Namaste.
➖ The daily session wicked to hit as high as 48,505 —February 9, 2024.
➖ January 11, 2024 —Bitcoin peaked at 49,435 on a wick, with the session closing at 46,350.
I will not go into all the details but the dynamic between Bitcoin's price, the trading volume and RSI all point toward the end of this current move.
We can refer to this type of move in several ways: A "dead-cat-bounce," a "pull-back," wave b of a Zig-zag, etc.
The truth is the chart is screaming SHORT!
👉 The minimum target for this correction is set in the 30,000 - 32,000 price range.
👉 My projected bottom target goes much lower, between 22,000 and 26,000.
Remember to do your own research.
You are appreciated.
Your support is appreciated.
Thank you for reading.
Namaste.
Note
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.