Technical analysis by Chris4XTrading about Symbol BTC: Buy recommendation (1/18/2024)

Ideal entry point is below 40k (ETA: 2-3 weeks).Target is then the 69% Fib level (69k) (ETA: 3-5 months).1000 pip movement and TP.Wait for sell-off to end. Re-enter below 60k (ETA: Sept-Nov 2024).Target is then the 127% Fib level (98-100k) within H2 2025.To the moon!1W Candle ReversalApproaching previous short-term high. Re-test soon.Trade going exactly as-predicted. First SL perfectly positioned.Now looking for a time to re-enter. Waiting on re-test of new 49k support.SL @44.5K / 23.6% Fib level.TP @58K / 50% Fib level.Long-term TP remains 69k.To the moon!More detailed re-entry plan, according to new weekly bar reversal.Predicting re-test and potential oversell below 49K, however the 1:1 gann fann level may act as a support. If not, expect previous trend line below 40K to act as support.69K by April.Closing main trade 1k early. Performance has been beautiful. 29,000 USD worth of movement in just a few weeks. What a trade.Excited to see further movements up to 100k later this year. We may have to update the timeline - 100k by April??Watch this space!3rd major retest incoming before potential sell-off of profits back down below 55k.Hard to predict what effects the April halving will have.Timeline: 4-6 weeks.Re-enter below 60k and HODL till high 90s.Timeline: 12-30 weeks (maybe faster with improved adoption).