BTC Movement in Daily Timeframe Can Touch 47K !!!This is my first idea in trading view 4/22/2022
after 24Day price reduction I think we should have another pump to 47K
before that we able to touch 35K !!!
as you can see technically price after losing 43K ,now Price can break out long channel (Blue Channel) that made in 22Jan2022 to 35K easily.
we have another big Dynamic resistance (Shown with red color ) in 40K after break 40K price can touch 47K again .
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47K
BTC corrected, now where?As I said yesterday in a post, BTC has corrected following a similar pattern from last year as indicated, I think we can expect a little more consolidation before we can see BTC move to $47k. As I said yesterday $42k will create opportunities for entries and thats what I've done. Remember to DCA in the event of a further crash, apply risk management. Short term I'm neutral but I'm long for the next couple days.
Trade safely