Note to self and potential readers*
I'm fairly confident about the price analysis here, Bitcoin is making a widening wedge pattern (Blue lines) on the 45min chart and it is currently in the exact same pattern making the exact same pattern we saw repeat itself its 5th time this month, some whale is definitely making waves out there. We have the 200 moving average sloping down and we rejected from it once quite hard which does show weakness from the bulls (blue arrow).
The red line around the $3484 area is the .236 fib from the December 15th lows to the 24th December highs, this is a good area for bitcoin to hold a good support, for me I will be buying some at $3484 and down to maybe $3229 area
I'm fairly confident about the price analysis here, Bitcoin is making a widening wedge pattern (Blue lines) on the 45min chart and it is currently in the exact same pattern making the exact same pattern we saw repeat itself its 5th time this month, some whale is definitely making waves out there. We have the 200 moving average sloping down and we rejected from it once quite hard which does show weakness from the bulls (blue arrow).
The red line around the $3484 area is the .236 fib from the December 15th lows to the 24th December highs, this is a good area for bitcoin to hold a good support, for me I will be buying some at $3484 and down to maybe $3229 area