BTC BULLS BIGGEST PLAN, Will Buying BTC at the current 28200 to 29k range be profitable?
Today I am here to tell you that Bear's dream to 20k will be charted first as bulls will reverse
back up to hit 36k, react, and get pulled back, a bit sideways price move will follow.
which breakout will lead to further up to 40 to 42k.
the journey of recovery I see could hit 58k but that will experience pulls backs
along the way as this 58k is on the weekly chart target meaning time is needed.
According to the Bitcoin Gorilla Box on the Weekly chart, The bulls might shock everyone
as we see That even though Bull's trendline has been pierced but no candle close below
it is successfully instead we see a hammer(a sign of buy pressure)on support If BTC sellers don't get a red candle
that successfully close below the 28k broken support.
A possible short squeeze will be unavoidable if the current week closing today fails to close below the support of 28k.
this signal a possible forceful change in direction after countless failed hits to break the support
Taking a buy at 28200 For Swing Trade target(short term)
First Target: 34400
Second TA ; 42k
Third TA :48k
Stoploss:27576
Taking a buy at 28200 For Swing Trade target(short term)
First TA : 42k
Secon TA : 52K
Third TA : 62k to 64k range
Stoploss : 26400
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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.