BitcoinLong
BTC LOOKING TO RETRACE TO SUPPORT AT 29K,THEN MOON TO 79K
Looking at the technical analysis of BTC/USD, I Came up with two ideas about the whole current situation, a few months ago,I analyzed
this crash we are currently in, and the link is here :
https://www.tradingview.com/chart/BTCUSD/Zgau5iSb-I-still-think-BTC-still-has-more-bears/Zgau5iSb
and on the analysis the idea was that it was going to dip up to 14K area, that idea is in action, but I see a new potential support area at 29K which can make it hard for BTC to break below:
Here's what I will be looking at when it gets to 29K :
If any of this show up, I am buying more at the lowest point, adding also some altcoins, anyone who sees this, I wish you all the best
if you decide to take this, but this is not financial advice.
this crash we are currently in, and the link is here :
https://www.tradingview.com/chart/BTCUSD/Zgau5iSb-I-still-think-BTC-still-has-more-bears/Zgau5iSb
and on the analysis the idea was that it was going to dip up to 14K area, that idea is in action, but I see a new potential support area at 29K which can make it hard for BTC to break below:
Here's what I will be looking at when it gets to 29K :
- A return candle/ Reversal candle
- It failing to break below
- Forming a strong support
- Decreased momentum
If any of this show up, I am buying more at the lowest point, adding also some altcoins, anyone who sees this, I wish you all the best
if you decide to take this, but this is not financial advice.
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