This is a follow up on my previous analysis which you can find here:
While I did correctly identify a short - mid term local top it appears that BTC and the entire crypto market has one more leg to the upside left.
As far as this analysis goes:
- daily ichimoku holding as support
- hash ribbon buy signal about to happen
- BTC has never put in a macro top without first trading above the 4.236 fib extension
First target is the 4.236 extension, second target is low 90k region.
While I did correctly identify a short - mid term local top it appears that BTC and the entire crypto market has one more leg to the upside left.
As far as this analysis goes:
- daily ichimoku holding as support
- hash ribbon buy signal about to happen
- BTC has never put in a macro top without first trading above the 4.236 fib extension
First target is the 4.236 extension, second target is low 90k region.