JD 1 year ago

JDteam #price-predictions

REJECTED!!

BTC SHORT TERM ANALYSIS

As I said in yesterday's blog, the market makers have done their part and driven the price up and it's up to us FOMOS to continue to drive the price Higher☝.

On the daily chart of BTC, I've plotted the Harmonic Butterfly Pattern. The realistic target for this pattern is that BTC must first rise to the 17304.2 area or up to 18120.1, but as we can see, after touching the 17304.2 or the 1.618 on the Fib level, the BTC price immediately fell back to the 16k area level indication of clear rejection and strong bear reaction.

I even mention (Short term fomo could last 1-2 months if key levels are broken) I still hope that the market could still give us room or air to breathe and still look forward to an annual Christmas rally pump before giving us a hard dump ...

from 15984.1 low to 17348.5 that's exactly 8.54% price increase before going down again

we may see BTC goes back down to to 16707.4 area down to 16554.7 area because I see a big chunk of liquidity in there

a break of this area could lead to another low or a revisit of the area around 15500 for BTC.

Disclaimer this isn't financial advice What I do is very risky and nobody should copy me.

Reminder: the trend is your friend.

Don't have a good day have a great day.

Blog Author: John Daele Bandilla