Following on from our last Bitcoin post, we are now at the important inflection point where we could see it tumble back down to the 30k level. If we break above this current level, it would mean we could see possible ATHs.
Ideally we want it to drop once more to 30k levels so we can get an entry for the bull run and have a nice completion of the expanded flat correction.
We are currently in an ABC correction and seeing the completion of C wave. On lower timeframe we have a trendline we can watch for break and enter for short term sells back to the 30k levels.
Trade Idea:
- Watch for rejection of sell zone and break of trendline for entry
- stops above the rejection
- Targets: 38000, 33000, 29000
Goodluck and as always, trade safe!
Ideally we want it to drop once more to 30k levels so we can get an entry for the bull run and have a nice completion of the expanded flat correction.
We are currently in an ABC correction and seeing the completion of C wave. On lower timeframe we have a trendline we can watch for break and enter for short term sells back to the 30k levels.
Trade Idea:
- Watch for rejection of sell zone and break of trendline for entry
- stops above the rejection
- Targets: 38000, 33000, 29000
Goodluck and as always, trade safe!
Nota
8H Timeframe Nota
Previous BTC analysis 
Nota
CARDANO - 
Nota
SOLANA 
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Penerbitan berkaitan
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.