Within the next 24 to 28 1hr candles (if not sooner) Bitcoin will be ready for another try to bounce and try to print that higher high. Have your bets placed ladies and gentlemen cause volatility is coming back again.
Note: If the low is broken and price doesn't climb back above it then all Long bets will be off.
Note: If the low is broken and price doesn't climb back above it then all Long bets will be off.
Trade active
Well.....well...well, looking good, looking good. It will have another pause and it might retrace back to the $82835 or even to the $82375 line but that's normal, that will give TIME for the 4hrs TF to join the up move and eventually the Daily will also joint the move around Sunday or Monday and from there on is when Bitcoin will have 1 or 2 weeks to make its move and break out with force thru the $90k to start its next leg UP that will take us to the $146k but if it fails to confirm its change in trend direction then we could easily see prices below $70k within this month. So in the next 2 weeks or so we'll find out if it move up and head to the $146k or it fails its breakout and heads to the $70k line. Buckle up ladies and gentlemen we are heading for a wild week. Note
Niiiiiiiiice. Well, now that it has retraced as expected , What's next? Well knowing that the 4hrs TF just joined the party and the 1hr TF still bullish, I expect price to enter into a range between $81500 and $84700 until the Daily join the party which would be after this Sunday and from there on Bitcoin will have a two weeks window to make its move where it will be a strong breakout to the upside or another retrace to test the $80k line. As of now everything points out to the upside. Buckle up ladies and gentlemen we will continue in this wild....wild....wild ride.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.