Possible BTC move on the W1 time frame
BTC IS taking a downbeat because of the news of the new COVID varient as one of the aspects.
This downbeat can also be seen as temporal retracement after hitting all time high.
We notice an area of resistance at a previous high. As long as price is above 51,000 it's possible BTC will take a turn up . Our area of interest is between 51,000 and 54,000. Above 54,000 and showing strong bullish mementum, BTC might move up to arround 71,000 but bellow 51,000 BTC might See 44,000 to 40,000.
The above information is not trading advice, it is simply my own analysis.
JJ KANTE
THANKS
This downbeat can also be seen as temporal retracement after hitting all time high.
We notice an area of resistance at a previous high. As long as price is above 51,000 it's possible BTC will take a turn up . Our area of interest is between 51,000 and 54,000. Above 54,000 and showing strong bullish mementum, BTC might move up to arround 71,000 but bellow 51,000 BTC might See 44,000 to 40,000.
The above information is not trading advice, it is simply my own analysis.
JJ KANTE
THANKS
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