Technical analysis by Avangelina about Symbol BTC: Buy recommendation (1/15/2023)

While not using a log chart, this idea could work in the short term. I do think a bull run has just begun, in the short-term. This Fib chart is only designed with the fib channel on the 1 month time frame. As you can see a fresh bull cross with the 12/50 EMA and the gaussian moving average has just begun. Bitcoin broke out of a falling wedge in November on the 1 month time frame which is known as St. Ledger Day. BTC bullion should reach the 0.618 higher end of the fib channel by April/May and go away by May. The 0.618 only applies to the 1 month time frame which is around 100k plus or minus a few thousand.