Macro view Technical analysis Challenge comp
I believe over the next few months we will see some more bearish movement as we continue in the falling wedge pattern.
I have a point of confluence that marks my predicted price at the Bitcoin halving, that being the 200 MA, the 1.272 rejection fib and within that zone a major resistance pink dotted line)
I also feel that the bitcoin halving price has already been accounted for and don't really expect much bullish action until closer to May.
if this is to follow how I have predicted it will form a Wyckoff pattern mimicking the 2019 low before a nice push upward (Phase C)
so ultimately my price prediction at halving is $4795.
I have a point of confluence that marks my predicted price at the Bitcoin halving, that being the 200 MA, the 1.272 rejection fib and within that zone a major resistance pink dotted line)
I also feel that the bitcoin halving price has already been accounted for and don't really expect much bullish action until closer to May.
if this is to follow how I have predicted it will form a Wyckoff pattern mimicking the 2019 low before a nice push upward (Phase C)
so ultimately my price prediction at halving is $4795.
Commentaire:
Update I was meant to say the pink dotted line is major support.