This is a follow on analysis from my previous BTC/USD analysis, which went perfectly to plan! Well done to everyone following me, we are predicting Bitcoin's every move perfectly and avoiding all losses!
Let's analyze BTC/USD and use simple facts to make this analysis. Bitcoin is moving perfectly in accordance with my previous analysis, now it's time to be rewarded for our patience, and find the buy opportunity!
Price will break down in one of two ways, they are:
- Price hits horizontal support at between 6600 and 6420 before bouncing upwards to the upside target at 7760.
- Price breaks the horizontal support zone between 6600 and 6420 and breaks further down to a lower support zone at 6050.
Bare in mind it's equally likely either support zone will be hit. The probabilities of hitting either is equal.
I will continue to update this analysis if enough people request it.
Please leave a LIKE and follow. I'd really appreciate it.
Let's analyze BTC/USD and use simple facts to make this analysis. Bitcoin is moving perfectly in accordance with my previous analysis, now it's time to be rewarded for our patience, and find the buy opportunity!
Price will break down in one of two ways, they are:
- Price hits horizontal support at between 6600 and 6420 before bouncing upwards to the upside target at 7760.
- Price breaks the horizontal support zone between 6600 and 6420 and breaks further down to a lower support zone at 6050.
Bare in mind it's equally likely either support zone will be hit. The probabilities of hitting either is equal.
I will continue to update this analysis if enough people request it.
Please leave a LIKE and follow. I'd really appreciate it.
I am now closely watching price action to see how it reacts, so I can take a trade opportunity and profit from the move.