BitcoinLong
BTC - New year Long Scenario
Quick bullish scenario to challenge my bearish bias.
- BTC currently retesting broken descending trend line after new ATH
- 1 Month accumulation phase before test of ascending trendline
- Long Entry at 44k. A slip to 44k would put ALTs to support on many of my ALT charts
- This does not align well with my LOG chart but 100k end of April would correspond with a major FIB I have at this point.
Straight up to 100k feels unrealistic but a move up in new year is still very viable. I'm still leaning bearish but always open to a move to the upside if support holds - I won't try enter at 44k but will work with the trend, laddering in entries.
Best, Hard Forky
Bearish scenario
- BTC currently retesting broken descending trend line after new ATH
- 1 Month accumulation phase before test of ascending trendline
- Long Entry at 44k. A slip to 44k would put ALTs to support on many of my ALT charts
- This does not align well with my LOG chart but 100k end of April would correspond with a major FIB I have at this point.
Straight up to 100k feels unrealistic but a move up in new year is still very viable. I'm still leaning bearish but always open to a move to the upside if support holds - I won't try enter at 44k but will work with the trend, laddering in entries.
Best, Hard Forky
Bearish scenario
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.