Like2Move

Like2Move Updated 

Price is overbought, wave V already completed. It's time for a larger price correction, to the 44k ... 40k area.

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Expected price correction to the 40k range. Strong support in the 40k...37k range.

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Bulls are still strong and I lifted the yellow rectangle a bit, where the wave (III) will stop and a correction can begin.

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A strong resistance at 52 overcome, and some resistance ahead in the 57...59 area.

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Wave V nears to the end and some correction is expected.

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Still bullish above yellow trend line. The abc correction waves are probably over and the next upward movement is expected.

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Bears are weakening - the ground found at 29000. Strong resistance in the 32500...33000 area. The return to 29000 low opens door to lower lows.

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Still bullish sentiment while the bottom is above 27500. Resistance: 32500, 34000. Above 33500 opens the way to higher highs.

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1. Return from 34000 to 38000 opens way to higher highs. 2 Likely, wave bc is underway, strong support @32000...28000 area.

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Strong support in the 30000 area. Wave V expected.

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The more serious target is 48000

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Still bullish bias, but a drop below 1810 opens way to lower lows.

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If abc happens, Longs at 26000 ... 27000

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Confluence of fibo at 1,61 - high 35...36k+ This is the Wave (III) lowest high. I don't know, where it will stop.

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At 24,000 the resistance was broken. A next strong resistance at 30000. Support: in the area of 21000...22000 Strategy: Longs at Dips.

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Resistance: 24000 and 30000 Support: 14000, 20000 and 21500 (now) or 22000 (later)

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Likely, the bear's ground between 4000 and 5000.

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Likely, the price's drawing Head'n'shoulders pattern. A drop below 7500 opens way to lower lows.