Saturday 2 January 2021

Bitcoin Road Runner

2021 kicks off so does Bitcoin with great haste, finally all that FED COVID easy money created months ago is finding its way into risk on asset prices. The big bitcoin channel show us the road ahead.
image1


The 2017 rally had two 12 week pauses (see below), we may not get that this time, maybe only one pause at $42,000 to $50,000 and then a charge to $100,000.


Finding and using the correct support and resistance channels on prices is critical (using Wyckoff thinking), in RTT Plus we have a library of channels on securities for members to review.


Log BTC Chart

BTC2





As you can see from the bigger channels price targets are huge, but $50,000 will be a major challenge.


Log BTC Chart


BTC1





Original Post: https://ift.tt/38THjYb

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