Bitcoin Drops to 42k Level and this Drop was expected as what I publish in my previous Analysis, Now if you want to Buy Back Monitor this Chart I mentioned the Location where to Buy back.. Note:- This is My Personal Thinking and not a financial Advice, Think carefully before your Investment.
Bitcoin touch exactly where I did my previous analysis and I also attached the link of my previous analysis. I believe that Bitcoin from this point will go to 60,000 And onward...
BTC is up for continuous 5 weeks and now its time for correction look at the chart. Bitcoin could go toward that circle which is at about 42 k before it continuous the upward movement and test the 60 k level again...
After every W formation you should expect the price to go down at least to the nick line of W as shown here in the chart, before it continues in the upward direction. Let see in the upcoming days where it goes but the weekly candle is red and this short term price going down was expected.
BTC once again break the trend line but if is not certain that it will continue to the upside as the trend line was broken before mentioned in Circle one and then it continues its down Journey. BTC might test the trend line and if it didn't break it , then It might continue to the upside to 40,000. The second circle is the area to Monitor with 4 hours Chart.
Bitcoin is in a downward Trend and in a downward channel, And according to the chart it might touch 30,000 - 28,000 price again . Note:- This is my perception and not a financial advice, Do your own research before investing. I make these chart only for educational purposes.
BTC rejected 3 times on the trend line so there is another shorting opportunity when its rejected by the trend line . You should be looking for at least red candle once it bounce from the trend line . Note:- This is my perception and not a financial advice, Do your own research before investing. I make these chart only for educational purposes.
Bitcoin make a head & Shoulder pattern and if break the support level will further go down
Bitcoin might test the resistance which is circle in Green, before it goes further down, but overall trend is bearish.. Comment Below what do you think bitcoin will go further in next couple of days.