#BITCOIN TARGET FOR JANUARY 30th could be $42k here's why!!!
Do not take it as false hope.
I will show you some essential points which can help you make better trade decisions and justify my target of $42k.
1. Bitcoin has broken the $20k support but keep in mind although the ATH was $20k the weekly candle closed at $18953 this is why this level is very important in a weekly close.
2. Currently the price is trading around the same range.
3. BTC can go lower from here, no doubt, and the best way to accumulate would be by DCA, you already know that.
So, my buy orders on spot are placed from $11788 to $17765. (It's hard to tell whether we could reach these levels anytime soon)
4. Fractals are pointing towards the target of $30k, $38k, and $42k and this dip could end up being a TRAP but still I will accumulate in every dip as I said before.
5. BTC has been in a Bear market for almost a year now. Expecting a few more months of sideways before the next rally starts.
Please observe the chart in order to understand all the given points.
CONCLUSION:- I am buying BTC since, in every DIP, there is a chance we can see a good rally from October.
These are just my views and are not meant to be taken as trading/financial advice, Always DYOR.
Do hit the like button if you like my work and share your views ion the comment section.
Thank you
#PEACE
I will show you some essential points which can help you make better trade decisions and justify my target of $42k.
1. Bitcoin has broken the $20k support but keep in mind although the ATH was $20k the weekly candle closed at $18953 this is why this level is very important in a weekly close.
2. Currently the price is trading around the same range.
3. BTC can go lower from here, no doubt, and the best way to accumulate would be by DCA, you already know that.
So, my buy orders on spot are placed from $11788 to $17765. (It's hard to tell whether we could reach these levels anytime soon)
4. Fractals are pointing towards the target of $30k, $38k, and $42k and this dip could end up being a TRAP but still I will accumulate in every dip as I said before.
5. BTC has been in a Bear market for almost a year now. Expecting a few more months of sideways before the next rally starts.
Please observe the chart in order to understand all the given points.
CONCLUSION:- I am buying BTC since, in every DIP, there is a chance we can see a good rally from October.
These are just my views and are not meant to be taken as trading/financial advice, Always DYOR.
Do hit the like button if you like my work and share your views ion the comment section.
Thank you
#PEACE
Trade active:
Although BTC is still trading below the structure, this is the second green daily candle.
The bulls need more ammo here.
The trend is still bearish unless $20k is taken back again.
Although BTC is still trading below the structure, this is the second green daily candle.
The bulls need more ammo here.
The trend is still bearish unless $20k is taken back again.
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