kyer

BTCUSD $58,000 Local High Target

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has been reversing off the $44,854 level and has found the bottom there. From here, Bitcoin is going to hit the $54,028 level of resistance and gain that as support before moving up to hit the local high.

You can call this whatever cup & handle pattern you want, but regardless the momentum is upwards and the price isn't going to stop at the $58,000 local high.

After Bitcoin regains the $54,000 level of support, its going to hit the local high distribution zone before moving up and creating newer highs around $68,000.

All of these levels are Fibonacci levels that've been drawn around Thanksgiving 2020 and have been very well respected so far.
🌎 Website | https://easyloot.com

⚠️ FREE Signals | https://t.me/easylootsignals

⚠️ Crypto Discussion | https://t.me/easylootcrypto

Comments

Great idea
+1 Reply
kyer HediyeeRowshan
@HediyeeRowshan, Thanks!!!
Reply
well done. looks good!
+1 Reply
kyer TradingAxis
@TradingAxis thank you
Reply
Great analysis!!!
+1 Reply
kyer kliviarocha
@kliviarocha Thank you!!
Reply
Or it will turn back to 40ks after bouncing from 55k resistance
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out