Possible BTC Scenario next 2 months ahead
Updated
I hope this information can help you to dont forget the Long term View in our Market.
With our current Market Enviroment the posibilities to Break to the upside are more likely (FOMO).
A Break of the Current Support level at 6k, will bring us to the next Support on the Chart.
Having the Halving Event coming up will probably move the Market to the T1 SMA200, after a Capitulation of miners, (end of May, June) a movement to the down side its likely to our Current level again, finding support and starting the Bullrun to T2 8000 price levels.
Any toughts feel free to share it.
Wishing you a sucessful Trading
Javier P.
With our current Market Enviroment the posibilities to Break to the upside are more likely (FOMO).
A Break of the Current Support level at 6k, will bring us to the next Support on the Chart.
Having the Halving Event coming up will probably move the Market to the T1 SMA200, after a Capitulation of miners, (end of May, June) a movement to the down side its likely to our Current level again, finding support and starting the Bullrun to T2 8000 price levels.
Any toughts feel free to share it.
Wishing you a sucessful Trading
Javier P.
Trade closed: target reached
Target 1 has been Reached, Stochastic RSI Indicator confirm the Movement.How to trade?
-Long Positions should be Open after Candle Signal Confirmation in the Sma20 or key levels around 6.7k.
-Wait for Pullback to open Long Positions if we break to the upside the SMA200 in a Daily time frame.
-If we Break the SMA20, or next Support Will be the SMA200 in Daily Time frame around 6.4k, 6.5k.
-Next target 8000 Level.
Halving its coming in around 2600 block and we expect a sell pressure from the Miners so be aware of a Strong Movement.
Any Comments feel free to share it.
Wishing zou a Sucessful Trading
Javier P.
Note
Target 2 reached.Waiting for a pullback to Open Long Positions.
Regards
Javier P.
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