BTC broke out to the upside from the Falling Wedge, take profit is 30k TP 1 and 32k TP2, ALTCOINS will soar high from here.
First take out was 22600 and now 20800 we go down from here, then the final hit 18700 region all road leads to 12k to 14k
From here to 20500 or 21000 then back to 17800 afterwards 19000 before heading to 25k region and possibly breakout.
Technical analysis has always proven to be reliable when used appropriately. $18,000 is the buy zone for this set up, target is $24,000 to $25,000 or be young. This set up most often results in breakout.
$17,700 has proven to be reliable, a strong support from the previous BULL, the demand at this region is supper high, hence creating a strong support, THE BULLS ARE BACK! $30,000 first stop, before heading for 47k region.
Putting on a Long to 24,000 region as the Bear power dies, with an entry at 19,700. This could play out perfectly as our RSI on the 4hr demands a long.
$22,500 is a strong resistance zone and hence will take BTC back to $19,000. This is a nice SHOT position.
GOLD is looking very bearish and will break the support zone at 1680 zone, Hence 1734 is a strong sell zone same as 1760, so it is wise to hit the sell button at 1734. 🔨
This is a daily time frame analysis 90% sure it will play out. All target highlighted clearly.
People have been trying to guess the bottom of BTC well, all I can say is it is near, probably between 10k to 14k, technically speaking. Meanwhile Bitcoin still wants to take some further correction.
20k has proven to be a good support hence we might see 23k to 24k zone in the nearest feature, hence this long position. 🔨 Moreover there is divergence on the 4 hour time frame, to shoot it up 👆