We may have made a new all time high but we didn't get the follow through... yet. So instead we're going to test some lower levels. My target is 52,698, that is the lower boundry of the transient zone bitcoin created on the weekly chart. Probabilities are we will hit that zone soon, likely within the next 3-6 weeks, if price can hold above the zone, then it may create a transient zone but is unlikely since most of the time price is recurrent.
1D:
Previous Analysis:
I've elaborated a bit more on transient zones in this post:
This is not financial advice
1D:
Previous Analysis:
I've elaborated a bit more on transient zones in this post:
This is not financial advice
Trade closed: target reached:
bam!
