Bitcoin is now seeing market congestion at Maximum Value node. By study the volume, the next market move may be lower. Target? Can go as low as 23k.
Hello. Hope you're in a good trading progress. For short term, intraday trading - bitcoin may have weakness on coming days. Volume towards the new ATH is not supported. -Insider buying? Maybe not. They are good setting bull / bear traps. -Those high leveraged trades by retail traders gonna be wash out. Now, looking into weekly trends, Bitcoin maybe supported at...
S2Fx maybe like a clockwork but manipulation is still big. Dumping on fake news still a thing now. 100k by Dec 2021? maybe not. If it will, it may need to be supported at 33k area. Now, VAP is not quite strong to be a support. 24k still a target? Maybe not if FUD still going on recycle fake news.
Low volume at price area. Maybe not going direct to 49k from here. Need some retracement and start jumping back from 41k area.
Up or Down? 13th of July is the date for decision. Up or Down. We'll see.
Don't catch this market which already going up. Prepare your buy order at area of value 35k price area. -if got reversal pattern (candlestick), we enter buy order. Profit target - 39.5k
Looking at daily price, Bitcoin still in downtrend and not yet confirm a upward breakout. So, keep your crypto in USDT for now. 35k level breaks, need to be confirm by another resistance (38k) breakout to continue uptrend. Confluence of Gann fan (2points - Mar 2020 low & ATH), may be pointing toward price target of 38k by 3rd July. Otherwise, short term trade...
Why we need to view this? Because, in the condition of economy to be in downturn & other markets are down. For now, USD trends higher. So, we can expect crypto markets will trend lower as compared to USD
For period of next 1 or 2 days, the Bitcoin price price will be sideways. Daily trend shows no trade zone. Recent pump volume subsides. Either, we continue to break 35k, to play the W pattern towards 38k. or, We continue downtrend towards 32k. we can also see these area are confluence with Fibonacci level of recent high and low. If either of this pattern...
Using previous Support & Resistance Lines. Now we are in the middle of swings. If price drops to 31.7k, swing BUY to 34k. If price hike to 34k, or 35k, swing SELL to 31.7k. Watch out for reversal candle, RSI 30/70 at the Support & Resistance lines. That's how we enter the market. so, for now? Looking at the current trend, market may drop to 31.7k first. So,...
Short to Mid term -- Support & Resistance lines.
Seeing this bullflag is currently in play, the pole target would be 17k. Hoping this would not be completed. Otherwise, it would be bearish for months.
using confluences of multiple Gann fann. Next price reversal to expect on 1st week of July. if Bitcoin price able to close above 27k, price reversal can be expected. if not, market downturn for further low is inevitable.