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MMBTtrader
Feb 12, 2021 7:00 AM

BTCUSD may reach 50000 soon  

Bitcoin / U.S. dollarBitstamp

Description

previous analysis on bitcoin reach the target here we have an update about it
blue path :last drop(48k--->44K) ends on 0.50% of fibooancci and we can expect this movement again or strong movement to 50K (even55K)and higher
purple path: even if BTCUSD show weakness and be range here for while then we can expect retest on previous resistance that is now support (42k)

We link previous analysis below so take look at it

Traders let me know your opinion about this analysis by your comments

Comment

still in range around here

getting ready for movment

Trade closed: target reached

50000 in BTC
Comments
abel11
Thanks for the detailed insight. Been watching this for a couple of weeks and needed to get this informative analysis
MMBTtrader
@abel11, most welcome bro and thanks for the kind word that means a lot
ProjectSyndicate
excellent. got a similar outlook for bitcoin now.
MMBTtrader
@ProjectSyndicate, i took look on it that was perfect like always

So you expect more than55k even too?
Mahtab_Tradia
Interesting view! Thanks for sharing
MMBTtrader
@Mahtab_Tradia, thanks mate for the kind words, means a lot
KlejdiCuni
It looks a good setup. Thanks
MMBTtrader
@KlejdiCuni, thanks a lot
BelowZero
Excellent viewpoint, as usual.
Thank you
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