BitcoinShort
Again DUMP expecting at Resistance 12,300$ level Vs Stock Bubble
Updated
Technical Market Outlook: The BTC /USD pair has broken again above the $11,000 level which was the key mid-term technical and psychological level for market participants. The recent swing lower was made at the level of $9,800, but the bulls do not seem to stop just yet as the momentum is still strong and positive despite for long term target 19,000$. The next target is seen at the level of $11800 and $12,200. The nearest technical support is located at the level of $10,000, $9,200 and $8,800.
Monthly base Currently, Price holding below under long term trend line, If PriceBreak trend line then we could see a new bull run towards 13200$ and 15,400$. If price Rejected 12,400$ break then we could see downside support level 8800$ where I can expect new bull start towards long term 25k$
Strong DUMP expecting on 12,200$ towards 9800$ and 8800$ where we can see new bull Run start.
Alternative BTC following similar GOLD AND STOCK movement.S&p 500, NSDQ100 and DJI hit all-time high OR PRE-COVID-19 LEVEL. March 2020 Stock crushed and crypto follow as well and BTC was crushed from 9800$ to 3500$, currently stock market looks like overbought condition and BUBBLE, IF Market crush or correction again we could see crypto crushed follow but long term 2-3 year CRYPTO or BTC strong outlook.
🛑SUPPORT/RESISTANCE
✅S1= 9800$
✅S2=8800$
✴️R1=11400$
✴️R2=12,2504
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.
Monthly base Currently, Price holding below under long term trend line, If PriceBreak trend line then we could see a new bull run towards 13200$ and 15,400$. If price Rejected 12,400$ break then we could see downside support level 8800$ where I can expect new bull start towards long term 25k$
Strong DUMP expecting on 12,200$ towards 9800$ and 8800$ where we can see new bull Run start.
Alternative BTC following similar GOLD AND STOCK movement.S&p 500, NSDQ100 and DJI hit all-time high OR PRE-COVID-19 LEVEL. March 2020 Stock crushed and crypto follow as well and BTC was crushed from 9800$ to 3500$, currently stock market looks like overbought condition and BUBBLE, IF Market crush or correction again we could see crypto crushed follow but long term 2-3 year CRYPTO or BTC strong outlook.
🛑SUPPORT/RESISTANCE
✅S1= 9800$
✅S2=8800$
✴️R1=11400$
✴️R2=12,2504
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.
Trade closed: target reached
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.