Bitcoin heading to test 42k support
Updated
We just broke the low trend around 38k that was coming since November. As you can see on the chart we also broke 200 EMA indicator, giving a long sign.
Currently heading to test support around 42.6k and in case it breakes we can head fast to 45k on a 9.5% profit since this can be just another short squeeze for it to go back to the low trend canal.
Only considering that currently global conflicts won't influence on price prediction. We could go super high or super low at anytime depending on the news ahead. Be careful and don't forget to set your stop limits.
Currently heading to test support around 42.6k and in case it breakes we can head fast to 45k on a 9.5% profit since this can be just another short squeeze for it to go back to the low trend canal.
Only considering that currently global conflicts won't influence on price prediction. We could go super high or super low at anytime depending on the news ahead. Be careful and don't forget to set your stop limits.
Trade closed: target reached
Note
After breaking 42k we quickly headed to almost hitting 44k. Watch out for pull back.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.