Vanogar

Bitcoin Bullish Outlook for January 2024

Vanogar 업데이트됨   
INDEX:BTCUSD   비트코인
BTCUSD is currently inside its bullish channel. My target is $51k still the same as my previous outlook.

RSI is showing exhaustion on the daily chart but i still expect it to hit the upper channel trendline first before a pullback. It is a one last push before a relief pullback.

Hopefully when the price of Bitcoin drops, Ethereum and the rest of altcoin will still rise. That signals altseason because the money flows from bitcoin to altcoin.
코멘트:
The price drops faster than predicted. I am still sticking with my original plan, this is most likely a fakeout.

There is a bullish divergence in daily chart, you can see it in the neutral level of RSI (around 50).

SL: Below $41,482.
거래청산: 스탑 닿음:
Stop loss reached.

The short consolidation ends with a bearish continuation. Long term is still bullish but it's better to wait until weekly closing. in the meantime, let's find a good entry possibility for next week.

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