BTC TO 28K, POSSIBLY BELOW AND BOUNCE UPWARDS
Hi again,
Most of my previous price estimations were correct. They are based on trendline movements. I do not want to brag about my analyses but price always respect trendlines and traders also respect it so this way we know where price will go when it is going down or up...
Anything can happen now and it may go bull again from this level.. But expected move is downwards for now.
Now we can see it can not break upwards at DAILY TF trendline so I think it will go to 30k or possibly down to 28-29k area and retest it, then bounce back upwards...
If it does not go to 29k, it will stay at 30k support for awhile and we will see what will happen then.
Stop-loss should be below 28k for long trades, and for short positions it should be around 34k. Good luck.
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Most of my previous price estimations were correct. They are based on trendline movements. I do not want to brag about my analyses but price always respect trendlines and traders also respect it so this way we know where price will go when it is going down or up...
Anything can happen now and it may go bull again from this level.. But expected move is downwards for now.
Now we can see it can not break upwards at DAILY TF trendline so I think it will go to 30k or possibly down to 28-29k area and retest it, then bounce back upwards...
If it does not go to 29k, it will stay at 30k support for awhile and we will see what will happen then.
Stop-loss should be below 28k for long trades, and for short positions it should be around 34k. Good luck.
Follow me and like, comment for more analyses.
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