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alhumran
Sep 26, 2022 1:38 PM

The Bitcoin is at the monthly support area, 

Bitcoin / U.S. dollarBitstamp

Description

The Bitcoin is at the monthly support area, if it is broken, the price will drop to the level of 16600
As for the rise If breaks out of the descending trend line
Reaches the levels drawn in the green

Comment

The downside trend has been breached, and now the resistance is breached 22467.87, achieving the first target2517677, and heading towards the second target30078.51

Trade active

Today, the second target was achieved at the level of 30,000. The breach of this level is 31,500 candles. One day it will head to the level of 35,500. The inability to penetrate will fluctuate between 30,000 - 26,500.

Trade active

BTC could not close a day's candle above the level of 30,000, it will fluctuate between this level of 26484, If this level is broken, it will drop to level 21,600. If it breaches the level of 31160 and closes a candle on the day, the upward journey begins to the levels drawn on the green line

Comment

The third tarrget was achieved at the level of 35573, in the direction of achieving the fourth goal at the level of 47110

Trade active

The fourth target on the chart was achieved at level 4712

Trade closed: target reached

The final goal shown on the chart in the black line was achieved at level 67175
Comments
Tradersweekly
Thank you for your 1st post. Good luck!
alhumran
alhumran
@Tradersweekly, Thank you
alhumran
@Tradersweekly, HI, check the update
Tradersweekly
@alhumran, Hi, okay.
alhumran
@Tradersweekly, The final goal shown on the chart in the black line was achieved at level 67175
Tradersweekly
@alhumran, Great job, congratulations on your call.
alhumran
Full review for analysis
1- The first target of decline has been achieved, reaching 16504
2- It did not complete the decline, broke through the previous level, and achieved the first target at 22467, the second target at 25176, and the third at 300078.
3- Consolidation above 26484, breaching the 32000 level, and the closing of a day’s candle is the beginning of the upward journey
4- The green lines are the targets
alhumran
مراحعة كاملة لتحليل
1- تم تحقيق الهدف الاول في الانخفاض وصل الى 16504
2- لم يكمل الانخفاض واخترق المستوي السابق وحقق الهدف الاول عند مسوي 22467 والهدف الثاني عند 25176 والثالث 300078
3- الثبات فوق 26484 واختراق مستوي 32000 وغلاق شمعة يوم هو بداية رحلة الارتفاع
4- الخطوط الخظراء هي الاهداف
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