Bitcoin Chart Update 1hour Time Frame
Updated
Hello
Based on previous idea (link is below) , Breaaking 39270 area Support has changed the Trend to BEARISH.
Now the key level is 41500 - 42200 .
If price breaks this Supply area , Buyers would be added to the market. Technically a good HUNT setup would have happened and is a good confirmation for BUY position.
Other wise a good Short sign would be great for a SELL setup.
Based on previous idea (link is below) , Breaaking 39270 area Support has changed the Trend to BEARISH.
Now the key level is 41500 - 42200 .
If price breaks this Supply area , Buyers would be added to the market. Technically a good HUNT setup would have happened and is a good confirmation for BUY position.
Other wise a good Short sign would be great for a SELL setup.
Note
Price has broken the confirmation area and uptrend momentum has appeared.Any correction in 41000 - 41500 area would be a good place for LONG position.
Note
Price has touched the target area ( 43200 - 44000).Next would be 45550 - 47000 .
loosing 42800 is a signal for changing the direction.
Trade closed: target reached
Price has reached to the predicted area and had a good reaction.As I said it might be stop increasing for a while.
Should wait and get another sign.
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