BITCOIN Price Analysis - BUY
Updated
Hey, a short update because we may have a little bounce from the current level.
Currently, the BTC price is on the curve support line which is pulled from the bottom at 15. December. It has touched it three times and now it is the fourth time to make a higher low point on the curve support line.
There is even - a bit sloppy but still readable - bullish chart pattern called Inverted Head and Shoulders. Right shoulder is exactly on the curve support line and there are also some EMA lines which should act as support levels and together with other criteria they make this area even stronger.
Altcoins have made some decent "recovery" within several hours and those indications will lead us into the short-term upwards movement which should guide us above the $4,000!
NB: This scenario is invalid if the price falls lower than the curve support line!
Do not forget to support my idea post by hitting the "LIKE button!
Thank You!
Have a nice day,
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Previous analysis:
Currently, the BTC price is on the curve support line which is pulled from the bottom at 15. December. It has touched it three times and now it is the fourth time to make a higher low point on the curve support line.
There is even - a bit sloppy but still readable - bullish chart pattern called Inverted Head and Shoulders. Right shoulder is exactly on the curve support line and there are also some EMA lines which should act as support levels and together with other criteria they make this area even stronger.
Altcoins have made some decent "recovery" within several hours and those indications will lead us into the short-term upwards movement which should guide us above the $4,000!
NB: This scenario is invalid if the price falls lower than the curve support line!
Do not forget to support my idea post by hitting the "LIKE button!
Thank You!
Have a nice day,
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Previous analysis:
Note
Here is a bit bigger picture about curve support and currently, the price has moved nicely higher from it. Also, altcoins have supported this move as expected.At the moment(!), it looks great.
Note
NEW Bitcoin analysis:
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Thank you!
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