BTC Macro Cup & Handle Forming w/Golden Pocket Breakout?
Bitcoin rejected at the 45.5k level as we forecast in prior weeks live classes and we can see the sell order block at this level as well.
Right now it looks like BTC is forming a macro cup & handle pattern, which would be a good thing here -- for Bitcoin to retest recent support (the handle) and then bounce off of this.
I'm targeting the
48K - 50k level as the next resistance level before heading higher (which is the macro Fib Golden Pocket retracement zone).
The next buy order blocks are around 38k but the likely support levels are the 21 and 50 week EMA's around 30k and 35k respectively.
Hard to say what happens next, with all eyes on the BlackRock and other ETF expected approvals.
If for any reason ETF's are NOT approved 1st week of January, we could see a 50% drop and the Bitcoin CME gap potentially filled around 20k and as a final shakeout of retail investors.
Right now it looks like BTC is forming a macro cup & handle pattern, which would be a good thing here -- for Bitcoin to retest recent support (the handle) and then bounce off of this.
I'm targeting the
48K - 50k level as the next resistance level before heading higher (which is the macro Fib Golden Pocket retracement zone).The next buy order blocks are around 38k but the likely support levels are the 21 and 50 week EMA's around 30k and 35k respectively.
Hard to say what happens next, with all eyes on the BlackRock and other ETF expected approvals.
If for any reason ETF's are NOT approved 1st week of January, we could see a 50% drop and the Bitcoin CME gap potentially filled around 20k and as a final shakeout of retail investors.
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Pro Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
More information:
Moonstream Crypto: moonstream.io
M3 Active Trader: Moonstream.io/M3
Pro Signals: CryptoMastery.org/pro
Work With Me 1:1
moonstream.io/work-with-me
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