BTC/USD - 9K Bitcoin - Get Low Get Low!In this video, I highlight what I'm currently seeing in my 4HR charts and the setup I've been watching that's currently playing out.
You can see we had a break of a inside uptrend line, which is part of a triangle pattern that played out today. As of right now, we are trending down to target one, which I think will be hit and aligns with a low back on Jan 17th.
While I do think target 2 is a possibility, it will be difficult to get there as we will need to see a break of the larger up trend line and a break of a weekly .786 fib zone.
Physiologically, I think most who are in the cryptospace see BTC at anything under 9k as a fire and blue light special sale all in one, so as we get lower the buying pressure will likely increase in my opinion. So while target 2 is/should be in play i see it as a hard one to get.
I really hope you enjoyed the video... like, share, and comment. I would greatly appreciate it.
