after hitting the first target we are going for the second one which is the midline of the bullish channel.
I believe the could be some retracement in that area
however, we have 3 possible scenario
1- bounce down to the red support which will lead us into an alt party
2- bounce down but the upper band of static channel support it
3- without any bouncing break the mind and goes for higher numbers
all of these options possible but I believe number 1 and 2 is more possible
if we check the history and the history wanted to be repeat so we need an alt party
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this is the old BTC.D analysis which continued to first target. check it and its updates
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we are in the testing phase.
bulls are trying but bears still didn't move
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ok so we lost the support and both of the areas are resistant again, and I think the dominance will fall and make an alt party.
as BTC.D are falling the other dominances are rising .
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retesting the midline again
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if we consider it as a double top, so we have to see 46 area ( support area )
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there are 2 scenario for BTC in 2 time frame:
4h: in 4 H we had a double top which was predicted before and soon we reach the target . and with considering RSI ( oversold ) and bullish purple channel, we will have a few days range then start an uptrend pulse.
daily: RSI just lose the 50 % support and went under so now 50% is resistance, so it means in this scenario price could go to the midline of the yellow static channel.
the 2 next picture shows the scenario well
1st: 4h time frame 2nd; daily time frame
Trade closed: target reached
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for now, target reached, i will continue the update in another idea and I will put the new idea below here