Hi Everyone this is Kris and this is my analysis for BTC . Its not perfect but Im open for criticism
UPDATE FROM:
BULLISH SIDE:
The attempt to break out on 42k was happilly rejected as the momentum is too strong and we are are overbought condition during the breakout attempt. so It was a weak attempt
What I am looking now is
1. for it to retrace along side the 0.382 retracement retracement of the impulse from previous attempt and form a stepping stone from there testing the support at least 3 times and enter the warzone again
2. for it to retrace along side the 0.382 retracement retracement of the impulse from previous attempt and form a stepping stone from there testing the support at least 3 times and enter the warzone again
if this will succeed in breaking the 42k target im looking for a 50-56k btc price target
BEARISH SIDE:
For now i Dont have a bearish side until I see the support lines broken
UPDATE FROM:
BULLISH SIDE:
The attempt to break out on 42k was happilly rejected as the momentum is too strong and we are are overbought condition during the breakout attempt. so It was a weak attempt
What I am looking now is
1. for it to retrace along side the 0.382 retracement retracement of the impulse from previous attempt and form a stepping stone from there testing the support at least 3 times and enter the warzone again
2. for it to retrace along side the 0.382 retracement retracement of the impulse from previous attempt and form a stepping stone from there testing the support at least 3 times and enter the warzone again
if this will succeed in breaking the 42k target im looking for a 50-56k btc price target
BEARISH SIDE:
For now i Dont have a bearish side until I see the support lines broken
Nota
1. for it to retrace along side the 0.382 retracement retracement of the impulse from previous attempt and form a stepping stone from there testing the support at least 3 times and enter the warzone again2. for it to retrace along side the 0.618 retracement retracement of the impulse from previous attempt and form a stepping stone from there testing the support at least 3 times and enter the warzone again
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.