Could Bitcoin Be Forming A Support Zone? At 40,000
Weekly Time-frame
We are currently breaking the $42,622 Resistance Area. Once we flip, it we continue the rally up to $45,000. Top would be $49,012 for the next Rejection Area. Greed and fear index is in #30 which is fear. We are close to going to neutral.
1D Time-frame
We have a breakout from the double bottom which is super bullish. Price target at $46,594. Rejection area is still in $45,000. Awesome Oscillator is still bullish, If we get a rejection
4H Time-frame
Awesome Oscillator (AO) is still in Bullish Continuation. We are currently printing higher low and higher high. Rejection area at $42,622 if broken we can see another rally to $45,000 before another Consolidation.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
We are currently breaking the $42,622 Resistance Area. Once we flip, it we continue the rally up to $45,000. Top would be $49,012 for the next Rejection Area. Greed and fear index is in #30 which is fear. We are close to going to neutral.
1D Time-frame
We have a breakout from the double bottom which is super bullish. Price target at $46,594. Rejection area is still in $45,000. Awesome Oscillator is still bullish, If we get a rejection
4H Time-frame
Awesome Oscillator (AO) is still in Bullish Continuation. We are currently printing higher low and higher high. Rejection area at $42,622 if broken we can see another rally to $45,000 before another Consolidation.
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
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