Technical analysis by JerryManders about Symbol BTC on 1/28/2024

For those who prefer a simpler chart - same idea as previous post just cleaned up.There are 3 paths I see from here:Black path/arrow = initial bounce followed by lower low (36-38k) before continuing higher (most likely)Green path arrow = initial bounce followed by higher low before continuing higherGrey path/arrow = run directly to make higher high from here (least likely)- One common denominator in all 3 of these paths - we will get an initial bounce to 44400-48000 by Feb 14 2024. 44.4k-48k is my initial target.- At that point it will run into selling pressure (red funnel off recent peak) and start pullback. The extent of that pullback will determine the next move higher.~ if it takes black path it will find buyers at 36-38k and then bounce to 48k-51k~ If it takes green path it will retrace to around 41k-43k and then rally to 51k-55k-------------------------------------------------------------------------------------------------------------Some comments on the summary above:- The bulk of this initial bounce to 44.4k-48k will take place early this week (1/29-1/31)- The pullback from initial target will take shape in late Feb 2024 - early March 2024* Wait to go long after the pullback to catch bigger bounce/rally that will follow. i.e., run to 48k-55k by late March 2024 - early April 2024~If this initial bounce breaks above 48k then it will take the solid grey path directly to 51k-55k by end of Feb. 2024.Looks like this is following the grey path (most bullish near-term scenario).Guess what... Initial target of 44.4k hit, what'd you expect?This keeps going.Took the most bullish path exactly. Next up is 51k-54k.Made it to the 51k-54k target range. I'm seeing downside risk from here that could last until 2/28-3/1.Expecting this to pullback to at least 46k, could drop as low as 37k to test previous breakout level for support. After that it will reverse back to the upside.