Hello Guys!
Today I am looking to continue upwards in hopes that we have had a successful retest of our structure, which would pave way for moves to our bull targets 🐮🎯depicted above.
There are possible resistances on our way up, so it's always good to keep a close eye once we have reached key resistance points and there is hope.
This is my short analysis based on major trend-lines, fibs, and technical analysis.
We can see there is possible uptrend when we beat the resistance.
Do not forget we had the breakage at 31,717.17 which held the market on a gaps and projected a rise.
Fundamentals on BTC are still looking pretty strong, despite inflation being up 14%.💲 (In other words, Wyckoff accumulation could be over, and right now it seems potentially more risky to hold a dollar than cryptocurrency.)
(In the event that we turn bearish, I have included some RED LINES that would be my key target areas🐻)
Thank you for seeing the idea.
Have a nice day and Good luck
Today I am looking to continue upwards in hopes that we have had a successful retest of our structure, which would pave way for moves to our bull targets 🐮🎯depicted above.
There are possible resistances on our way up, so it's always good to keep a close eye once we have reached key resistance points and there is hope.
This is my short analysis based on major trend-lines, fibs, and technical analysis.
We can see there is possible uptrend when we beat the resistance.
Do not forget we had the breakage at 31,717.17 which held the market on a gaps and projected a rise.
Fundamentals on BTC are still looking pretty strong, despite inflation being up 14%.💲 (In other words, Wyckoff accumulation could be over, and right now it seems potentially more risky to hold a dollar than cryptocurrency.)
(In the event that we turn bearish, I have included some RED LINES that would be my key target areas🐻)
Thank you for seeing the idea.
Have a nice day and Good luck