BTC UPDATE 2023-03-20
Updated
BTC is behaving good, my price target of 28500 was almost hit, 150 USD away. As we can see the 4 day candle along side 50/200 moving average explains the situation clearly. we strongly bounced from the 50 moving average(green line) and the next real resistance is around the circled areas, 30k.
Conclusion my target for this rally will be 30 000. if we manage to close a 4day candle over 30k it means we are highly bullish but we are not there yet.
Conclusion my target for this rally will be 30 000. if we manage to close a 4day candle over 30k it means we are highly bullish but we are not there yet.
Comment
BTC indeed went to 30k, if we are getting rejected here I will change my bias and go on a swing short position. However, if BTC manages to close a 4DAY candle above 30k i will be expecting 40k.
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