Hello, my name is Dan from Argentina. This is my new BTC analysis
BIG picture: We are close to the next bull market. What do we need to confirm the bull market?? Lets look into the short term
At 9300 we have 50(yellow) and 21(red) daily MAs. Important zone, if we break it, next target is the purple trend line . That is an important bearish line. If we break it we have 10.000 - 10.500 zone that was previously a big resistance. I think that if we arrive to that zone with volume and strange, we could break it and then, make new a new 2020 high! That may be the sign that will tell us that the bull market is closer, and surely we will arrive to the 12000s-14000s. There we have the 2019 high, and is a good zone to sell and take profits from this move, to reenter at 10000-11000 close to the halving.
What to you think friends?? Please like, this is my first post :)
Thanks!!!
BIG picture: We are close to the next bull market. What do we need to confirm the bull market?? Lets look into the short term
At 9300 we have 50(yellow) and 21(red) daily MAs. Important zone, if we break it, next target is the purple trend line . That is an important bearish line. If we break it we have 10.000 - 10.500 zone that was previously a big resistance. I think that if we arrive to that zone with volume and strange, we could break it and then, make new a new 2020 high! That may be the sign that will tell us that the bull market is closer, and surely we will arrive to the 12000s-14000s. There we have the 2019 high, and is a good zone to sell and take profits from this move, to reenter at 10000-11000 close to the halving.
What to you think friends?? Please like, this is my first post :)
Thanks!!!
Comment:
'The above references an opinion and is for information purposes only. It is not intended to be investment advice.'