DrJLT

BTCUSD possible pullback (~$10k) before the next rally ($12k)

BITFINEX:BTCUSD   比特币/美元
My general sentiment has been bullish for some time (see my previous posts as well as YT video).

Still, I have a feeling that the bulls are exhausted:


In this context, I see BTC             retesting lower levels in the coming days before eventually rallying to $12k by March.

评论: Indeed pulled back
评论: on the hourly, we have seen 12345. let's see if we have completed this correction.

in any case, to say it's going to "2k" is like saying it's going to "-2k" or "-1million".
评论: Should I start posting it's going to $ZERO$ in order to get more views?

Seems the TV crowd loves sensational posts.
评论: seems to be a small rising wedge in the <1h time frame.

BTC is probably going to trade in range & accumulate
评论: may have fallen out of the rising wedge. Will this be the "C" leg of the correction? Or is it just normal range-trading?

10k is possibly the key: if we never touch it, it's just range-trading & accumulation. if we cross 10k, possibly 9.5 will be the bottom of this correction, and it'll take longer to retest 11k
评论: Appears that the range is indeed above 10k. Probably will break out this week
评论: Very tiny rising wedge visible only on very-short time frames (5min)

I think 10.5k will be the new, higher low

Decidedly bullish but breakout isn't guaranteed today
评论: another rising wedge, this time visible on 15min
评论: ASCENDING TRIANGLE

the market seems determined for breakout
Nice. Thanks for your analysis.
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Thanks DrJLT for updates. Interesting that my promising alt coins also have eaten bigger part of btc gains during last few days
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Thanks, correct chart is not baby chart we see 2k for bitcoin :D
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@DrJLT thanks!
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Great job - thank you
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You are Perfect,i follow your posts always
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such is life bro
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6k again? NOT AGAIN! PLZ :P
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DrJLT leondb
@leondb, of course not, don't believe in the jokers :D
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leondb DrJLT
@DrJLT, don't know if you've seen SignalSwiss TA on BTC. They have been quite good. So when they show all the way down I always get scared. lol. But yes, I'm HODLing - besides BitStamp is taking forever to get my verification done (3 weeks now) and I don't want to go to Tether at the moment.
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