BTC Correction Before 150k!
BTC is destined for higher highs, but not quite yet.
In the next week or so, BTC could surpass the 100k level. I anticipate there will be significant selling pressure in this zone, as many long term holders cash in on their long term investment. The market will need to cool off.
I would watch the 99.6k level closely, as we may see a SFP and drop to the 80-86k support zone. After some weeks of sideways movement, I expect a significant movement to the upside coinciding with Trump's inauguration.
NOTE ON ALTCOINS
While BTC is in the 80-86k support zone, alt coins will experience a 20-30% correction, presenting an excellent buying opportunity for many alt coins (e.g., ADA, DOT, HBAR, NEAR, PRIME). By mid-late January, alt season will pick up speed, with ETH leading the charge and many alt coins reaching new highs.
Happy trading,
melonfarmer
In the next week or so, BTC could surpass the 100k level. I anticipate there will be significant selling pressure in this zone, as many long term holders cash in on their long term investment. The market will need to cool off.
I would watch the 99.6k level closely, as we may see a SFP and drop to the 80-86k support zone. After some weeks of sideways movement, I expect a significant movement to the upside coinciding with Trump's inauguration.
NOTE ON ALTCOINS
While BTC is in the 80-86k support zone, alt coins will experience a 20-30% correction, presenting an excellent buying opportunity for many alt coins (e.g., ADA, DOT, HBAR, NEAR, PRIME). By mid-late January, alt season will pick up speed, with ETH leading the charge and many alt coins reaching new highs.
Happy trading,
melonfarmer
Transaction en cours
The plan is playing out so far, we saw the failed auction on the 4-hour and the SFP on the daily. I expect us to range for a little while before dropping to the support zone, which could be a good opportunity to enter the market before another push to 150k or even 200k BTC.
I personally am staying in ETH and altcoins, as I predict this is where we'll see the biggest returns.
Note
The dip is happening now, and we may see lower to 86k. This continues to be an excellent buying opportunity for alt coins; I plan to DCA into the bottom before a strong Q1.Note
Still dipping.Note
This trend line is STRONG. Highly doubt it will break below this. We might see a wick, but that's it IMO before next leg up.
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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.