In my last idea, when btc droped from 58k to 43k, i told panic sell didnt even started yet.
2 days after my post btc price bounced off from 30k resistance area.
All of my target areas reached and right now price action tries to breakout above 36k-38k area.
Even if btcusd breakout above this area, price action doesnt seems bullish.
Btcusd is in a steep downtrend that cant be contiuned and breakout above the trendline is expected but btc price will again try to go down after some stop loss / profit take orders.
My short term price target is 30k area which can be an area for consolidation. Below that area we can expect price action to go down 23900usd area and 20900 usd area.
For price to be bullish again we have to close above 54500 consistently.
Better buckle up because it could be bumpy ride!!!
2 days after my post btc price bounced off from 30k resistance area.
All of my target areas reached and right now price action tries to breakout above 36k-38k area.
Even if btcusd breakout above this area, price action doesnt seems bullish.
Btcusd is in a steep downtrend that cant be contiuned and breakout above the trendline is expected but btc price will again try to go down after some stop loss / profit take orders.
My short term price target is 30k area which can be an area for consolidation. Below that area we can expect price action to go down 23900usd area and 20900 usd area.
For price to be bullish again we have to close above 54500 consistently.
Better buckle up because it could be bumpy ride!!!
