Before more expected fall or ... , we need some range on this area or even some great rise is expected why not ?
price had huge fall as it was expected and now we have two important factor that may pump price maybe once again .
1.volume of low was healthy as we can see like previous times and it was not low volume
2.by watching resistances and these two supports that we had new channel formed and price is now near channel support and we may expect rise at least to our first Target that motioned with red lines and are new resistances .
Targets: A. 53300 B. 56000
Notice: on daily chart there is strong support left where is that support that if it break we may expect 39K to be reached?(send answer with chart and the chart that get more like in comments for first 12H will receive donation )
DISCLAIMER:. 1.trade carefully and have stop loss for sure 2.Past performance is not indicative of future results.
Watching your analysis for the past few days and I really like your content. Sober analysis, providing ranges/sentiment/possible scenarios to keep an eye for. Keep up the good work!
caroblink
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@DasLeo, yes you're very correct. I am amazed as well.
Muhamadsrood
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I’m not agree with you
RamzaBehoulve
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I can see some EMA at these targets, so why not although my little finger says the 53-54k zone is the more likely to reverse. But first, it has to find the strength to go through the daily 100 EMA and in my opinion, if it does not manage that today, I am not sure it will have the strength to do so during the week-end.
And then late Sunday or on Monday, we might either get the move to 53-54k (or 56k) with reversal or maybe straight down to hell from 51-52k. We will see. Regardless, I'm with you we should remain in a bearish scenario with targets below 46k over the next weeks.
Week-end should be rather calm, but the volume from this sell-off was healthy enough it might attract some week-end lurkers... uncertainty with a bearish bias will remain for quite some time I believe.
MrPipa
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Exactly what I have
financialflagship
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Nice analysis, many thanks. 🔥🔥
BTCINVESTING
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i absolutly agree.
TRADiNG_hub
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Excellent Work 😌
azizelliott
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Here is another look @MMBTtrader What do you think?
StevesTradingV
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Thanks for your good insight. Keep up the good job mate ;)