BTC is now in a crucial point.Price movement of next few days will decide its destiny.
There are two possible cases
1 ) Bull run upto $28000
2 ) Pullback to $5200
First target $28000 is set by considering the current waves as wave 1 of wave 5
Second target $5200 is set by taking it as the end of wave 5
I'll elaborate this in the next update soon
There are two possible cases
1 ) Bull run upto $28000
2 ) Pullback to $5200
First target $28000 is set by considering the current waves as wave 1 of wave 5
Second target $5200 is set by taking it as the end of wave 5
I'll elaborate this in the next update soon
Note
A bounce from anywhere above the green line and closing above the top red line will be a strong signal for the first case(BULL RUN)Close below the green line will be warning for further fall
Trade active
First support failed to hold..next support is @10275..I'm expecting reversal @9850Note
Looks like BTC is heading down..Closed below the green line in 4h chartNote
Already a rejection in 1hr chartNote
Strong reversal sign in day chartNote
A small pullback followed by breakout from the trendline is what I'm expecting nowNote
we haven't reached the safe zone yet.Need to break the blue lines for confirmation of second scenario.Note
Broke the previous support..Next support is @7700Note
Good bounce from the supportNote
Possible reversal to the green($8850) or red line($9800).Yellow line has to be breached for confirmationNote
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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.