TheCryptagon

BTCUSD Must hold this Channel otherwise bigger pullback is possi

CRYPTO:BTCUSD   Bitcoin
Bitcoin/ BTCUSD maintains not only the wider/ long term Channel Up but also the short term with the dotted lines.

As long as it holds it, target 32000 by the end of the month.

If the short term Channel fails, we expect a stronger pull back first to the 1day MA50 and then the 1day MA100 and the bottom of the long term Channel Up at 25800.

That will be an even more comfortable buy entry for the ultimate target of 32000.


Previous chart:


Follow us, like the idea and leave a comment below!!

TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!

🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰

TELEGRAM: t.me/thecryptagon
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.