AzrulAzir

BTCUSD Strong support zone

Long
COINBASE:BTCUSD   Bitcoin
we can see that today we have strong bearish movement, and break down channel up.
this movement still not danger for bullish wave, because we have very strong support zone at 6179 to 6221.
6179 are perfect level to buy bitcoin

If this support able to hold bearish movement, bullish target for now at 6481 with maximum target at fibonacci projection at 6735
this level is our next bullish confirmation level, bullish will continue again if this line break up.

We also have BTC long data :
as u can see at long data, bitcoin already hit long support,
and inverted head and shoulders perform.
this pattern is a good news for bullish, coz if neckline break up, long target at 30744

And if we look at BTC short data :
short almost touch resistance line, short will getting weak from this line and perform bearish to reach 25643

If BTC long data perform bullish, and BTC short data perform bearish,
we will see a good bullish perform at Bitcoin at this week.

We will update this analysis if support level failed.

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