BitcoinLong
Bitcoins road to 41,937, a closer look!
Refer to my 41,937 chart for the full theory on this trend projection analysis
We will want to see continued trading inside the purple channel up into the 35456 price target.
If we retrace id like to see support on the teal trend, while staying inside the purple channel
I think 33099 would be a good stop loss, or one of the areas outlined on the chart. 31589 would be cushion.
38125 is a target, 39581, and then 41937
If price actions falls out of trend and does not quickly resume its course, i may go bearing on the idea
Watch lower support trends if we begin to retrace
Further downside, id look at 29964. HARD support at 28382
We will want to see continued trading inside the purple channel up into the 35456 price target.
If we retrace id like to see support on the teal trend, while staying inside the purple channel
I think 33099 would be a good stop loss, or one of the areas outlined on the chart. 31589 would be cushion.
38125 is a target, 39581, and then 41937
If price actions falls out of trend and does not quickly resume its course, i may go bearing on the idea
Watch lower support trends if we begin to retrace
Further downside, id look at 29964. HARD support at 28382
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