Those two trend lines are potential supports for BTC price. If they don't work, 33-29k area will be the support. I believe the blue trend line will be the support and after we hit that level, we will go for 52k!
Those two trend lines are potential supports for BTC. If they don't work, 33-29 k area is the support. And I believe the blue trend line will support the price and we will go for 52k!
I believe that the yesterday Daily candle and the last two 4H candles are telling us that the pullback is completed and the next impulse for bitcoin is started. As I said it before in my last analysis on bitcoin, the target is 51-53 k area and I'll sell my bitcoins there.
As the price broke the bullish trend line and it just completed the pullback, I believe when the price breaks out the red zone, we can enter short position. The target for me is the next blue zone which is a minor support and I will enter short position after breaking any of these blue zones. The final target is the orange line.
Breaking out the red zone, around 42800, is the trigger for starting our bullish trend!
45k level will be a minor resistance and 52k is the target!
Then the price will go down...
Breaking out the red zone, around 42800, is the trigger for starting our bullish trend!
45k level will be a minor resistance and 52k is the target!
Then the price will go down...
