BTC Short-Term view with Possibilities
Hello Guys!
Today I am looking to continue upwards in hopes that we have had a successful retest of our structure, which would pave way for moves to our bull targets 🐮🎯depicted above.
There are possible resistances on our way up, so it's always good to keep a close eye once we have reached key resistance points and there is hope.
This is my short analysis based on major trend-lines, fibs, and technical analysis.
We can see there is possible uptrend when we beat the resistance.
Do not forget we had the breakage at 31,717.17 which held the market on a gaps and projected a rise.
Fundamentals on BTC are still looking pretty strong, despite inflation being up 14%.💲 (In other words, Wyckoff accumulation could be over, and right now it seems potentially more risky to hold a dollar than cryptocurrency.)
(In the event that we turn bearish, I have included some RED LINES that would be my key target areas🐻)
Thank you for seeing the idea.
Have a nice day and Good luck
Today I am looking to continue upwards in hopes that we have had a successful retest of our structure, which would pave way for moves to our bull targets 🐮🎯depicted above.
There are possible resistances on our way up, so it's always good to keep a close eye once we have reached key resistance points and there is hope.
This is my short analysis based on major trend-lines, fibs, and technical analysis.
We can see there is possible uptrend when we beat the resistance.
Do not forget we had the breakage at 31,717.17 which held the market on a gaps and projected a rise.
Fundamentals on BTC are still looking pretty strong, despite inflation being up 14%.💲 (In other words, Wyckoff accumulation could be over, and right now it seems potentially more risky to hold a dollar than cryptocurrency.)
(In the event that we turn bearish, I have included some RED LINES that would be my key target areas🐻)
Thank you for seeing the idea.
Have a nice day and Good luck
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.