It has formed the Lower high in a reversal chart. And It will have resistance in the neckline, however, it will break through. The ultimate target will be 5000 in binance.
Inverse the scale, we can see clearly the strong resistance at 3000 at bfx.
We buy at the bottom of the channel around 3000 area. If break down, we cut loss.
It's all about how and when to get out of the downtrend channel. Only if BTC get out of the down-trend channel, and after the pull back didn't fall back to the channel, we can say the bull comes. So right now, we have two scenario: 1, BTC forms the head and should reverse pattern, we arrived the 5000 above area, then I will say we will go through a tough long...
BTC go across First target with slight pull back, Let face the second boss 4200-4400 area, will we beat the shorts? Let's see. After 4400, I could say 5200 more to come!
3800-3700 area is the main resistance, after that 4400 area. After 4400, We can look more higher