BitcoinLong
Bitcoin to 31,257 above 29,557!
Id like to see us continue above 29,335 with support and then breach 29,557 as we follow the two teal trend lines into that area.
If we fall below 29335 i will be watching the boldened teal trend below that for a bounce, which i would expect as we near the 29100 area.
Curren stop loss at 28846 or 28024 for cushion.
If we break above 29557 i will be watching for some resistance at the boldened yellow trend line, and again as we approach the blue trends above it.
If we see resistance at the yellow trend, id be watching 29557 for the bounce back up.
Id like to see trading support gained above the yellow trend for confirmation of 31257 price target.
I think we will see a correction there down to the lines of 29142, or further down to 28024.
Worst case, we could see 27299, or 24983, but i dont see that happening without more upside
Extreme conditions in volume and volitility, could lead us to the 33,000 area based on trend projections. We would want to see trading above the upper blue trend with support for confirmation
2021 Will be wild, buckle up!
If we fall below 29335 i will be watching the boldened teal trend below that for a bounce, which i would expect as we near the 29100 area.
Curren stop loss at 28846 or 28024 for cushion.
If we break above 29557 i will be watching for some resistance at the boldened yellow trend line, and again as we approach the blue trends above it.
If we see resistance at the yellow trend, id be watching 29557 for the bounce back up.
Id like to see trading support gained above the yellow trend for confirmation of 31257 price target.
I think we will see a correction there down to the lines of 29142, or further down to 28024.
Worst case, we could see 27299, or 24983, but i dont see that happening without more upside
Extreme conditions in volume and volitility, could lead us to the 33,000 area based on trend projections. We would want to see trading above the upper blue trend with support for confirmation
2021 Will be wild, buckle up!
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