Key Support Zone
Hello, according to my TA theres soon coming a key moment for Btc.
Either the green zone Holds and we go to ~100k or it breaks and we might drop very Deep.
It all depends if the 53k Area holds. If it breaks i think bull market is over. If it holds we should rally up to new ATH´s very soon.
I recommend you use sl below green zone, as this could get very ugly very fast theoretically if it breaks.
Buy walls at 53k look good on multiply exchanges, so im leaning towards a bullish outcome but i suggest you get ready for both scenarios.
DYOR and only invest what you can afford to loose.
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Either the green zone Holds and we go to ~100k or it breaks and we might drop very Deep.
It all depends if the 53k Area holds. If it breaks i think bull market is over. If it holds we should rally up to new ATH´s very soon.
I recommend you use sl below green zone, as this could get very ugly very fast theoretically if it breaks.
Buy walls at 53k look good on multiply exchanges, so im leaning towards a bullish outcome but i suggest you get ready for both scenarios.
DYOR and only invest what you can afford to loose.
Please leave a like if you liked this :)
Trade active
Just touched my Entry Zone, there could come another retest, not sure...dont forget to put slNote
52725 is what i call as absolute botttom in case we are bullish, when this zone breaks i propably turn bearish overall tho. this has to hold or we will see alot of blood on the streets. sub 30kNote
Alright, this may get volatile (new ATH) if red line breaks. 100k seems back on the menu. as long green zone holds everything looks bullish.
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in case we see a strong leg up soon (which would confirm new ath´s to me): my targets for the bull run are in worst case 85k and most bullish case 180k. most bullish case is very unlikely tho. i advice taking out what you invested at ~85k and let the rest ride or sell it all. just dont reenter longs once you sold up there.we are close to the "endgame" of this bullrun. Once we are at 80k+ its no more the time to be greedy.
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im putting my sl in slight profit from my entry zone, so that this trade cant turn against me anymore.Note
sp500 seems overbought, i wonder if btc will follow in a correction.Trade closed: stop reached
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still not sure what to think about recent price action. im out until i get some clear bullish / bearish signs.
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