Hi guys,
It's been a lot of talk around BTC's price action as of late, here's my 2 cents on the matter.
We are witnessing a bullish MACD crossover on the 4h chart that is also supported by a bullish divergence with the RSI. The levels to watch are 42.500$ ( for about 4 months already ) and 45.500$. Above this levels if we get some strong buying volume we should at least see a touch of the 56.000$ levels in the next 60 to 70 days ( fibs timezones ). We had a 0.618 fibs correction from the top and now we're seeing higher lows on the weekly. This usually means continuation or at least a bullish retracement over 56.000$.
Invalidation under 37.500$
This is not financial advice, please enter trades only based on your own analysis. Crypto trading is a very risky endeavour and if you are not careful you can lose all your hard earned money
It's been a lot of talk around BTC's price action as of late, here's my 2 cents on the matter.
We are witnessing a bullish MACD crossover on the 4h chart that is also supported by a bullish divergence with the RSI. The levels to watch are 42.500$ ( for about 4 months already ) and 45.500$. Above this levels if we get some strong buying volume we should at least see a touch of the 56.000$ levels in the next 60 to 70 days ( fibs timezones ). We had a 0.618 fibs correction from the top and now we're seeing higher lows on the weekly. This usually means continuation or at least a bullish retracement over 56.000$.
Invalidation under 37.500$
This is not financial advice, please enter trades only based on your own analysis. Crypto trading is a very risky endeavour and if you are not careful you can lose all your hard earned money
İşlem aktif
We managed to hold the 37.500$ area as support.69 days to 70k BTC ;)
Will continue the countdown. Check our twitter for updates or trade with us on wedontsubscribetohype.com
İşlem aktif
had an unfortunate dip to the 34.8k area, plan is currently invalidated, I'm still in my spot positions, will buy more if I get a chance under 28kİşlem aktif
dip to 33.200$ today, I'm expecting a bounce here to the upper 50k area in the following 7-8 days, still on the countdown, 62 days to 70k BTC.İşlem aktif
Still have 3 days to go, because the current market status is still bearish I think the projected bounce will be in the 45k area for now. I'll keep updating this.İşlem aktif
Was wrong about the timeframe for the bounce, I'm still expecting to see at least a touch of the 39.600$ level by the end of May 2022. We had 8 red weekly closes in a row, this actually never happened in the last 12 years, a relief bounce should come.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.