Make or Break Support Line at 66000
Updated
66k is such important mark that it could make or break the complete trend of Bitcoin.
This trend line has been tested 3 times in past and price have risen 24%, 45%, 18% respectively. This time even if its to rise 18% from now, it will bring the price back to ATH.
I am tracking a Bearish WW pattern also in 4HR/Daily charts which points to touching near 55-58k on downside, but the overall move has been tad bit sluggish that I am starting to doubt it.
Lets keep 66k if you are long, as support and go full short under 66k, buy above 67k on upside though and ride till atleast 71-73k
This trend line has been tested 3 times in past and price have risen 24%, 45%, 18% respectively. This time even if its to rise 18% from now, it will bring the price back to ATH.
I am tracking a Bearish WW pattern also in 4HR/Daily charts which points to touching near 55-58k on downside, but the overall move has been tad bit sluggish that I am starting to doubt it.
Lets keep 66k if you are long, as support and go full short under 66k, buy above 67k on upside though and ride till atleast 71-73k
Note
We are trading under but the daily close is still 4 hours away and with the strength under 65k it seem possible to retrace back to 67-68k at close.If we trade next few days above 66-67k then it’s possible to reach for 80-85k in coming few weeks
Trade closed manually
I see the missing strength at 69k.. its looking exhausted so going to wait for another 65-60k before moving up
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