On Daily Charts it gave a fresh Breakout above 3300 today, All the Parameters are supporting an Upcoming Bull Run.
Entry is Suggested around 3280-3305 levels With Stop Loss of 3070 for the Targets of 3800++
BTC was in clear upward trend with Higher Highs (HH) and Lower Lower Lows Since 21st Oct 2020 and has rallied from 12500 $ to 64500$. Now from 14th April 2021 to till date 13th May 2021 it is Showing Trend Reversal Patterns with Lower Highs (LL) and Lower Lows (LL) on Daily Charts.
It has formed Pole and Flag formation which going to break either side on 61000$...
See this chart...according to me it must be a trend reversal for BTC, its just reversed from Monthly Support, and Fibbonacci Retracement of 50%.
Also RSI looks good for Buying here.
my target for 2018 would be 24000 to 30000$
with stop loss of 4500$
Volumes Decreasing continuously with decrease in price, Rsi has reached to the lowest levels, underlying price is Consolidating at almost above the demand Zone. Ichimoku Clouds making Bullish Clouds. So, one can buy here at 13250 with Stop Loss of 12600 for the targets of 14200 and 14500 above. but don't hold further if it breaks 12600 because after that it can...
