JICPT| Strong holder zone works for BTC, what's next?
Hello everyone. The strong holder zone in my previous idea worked well for BTC. What's next for the crypto?
Let's recap why I marked the zone as strong holder. It's whole number of $40000 with long-term MA and flip structure. Now, the formation is even better, a bullish engulfing candle.
So I'm bullish on BTC for the short term. The level needs to be closely watched is $47000. If that level is firmly conquered, next target is $50000.
What do you think? This is a very quick and simple analysis. I didn't mention the big four players as I used to.
Give me a like if you're with me. Thanks for your support.
Let's recap why I marked the zone as strong holder. It's whole number of $40000 with long-term MA and flip structure. Now, the formation is even better, a bullish engulfing candle.
So I'm bullish on BTC for the short term. The level needs to be closely watched is $47000. If that level is firmly conquered, next target is $50000.
What do you think? This is a very quick and simple analysis. I didn't mention the big four players as I used to.
Give me a like if you're with me. Thanks for your support.
Comment:
Yep. I just omit to mention the big four players and central bank of China vowed to crack down crypto-related activities. That leaded to a over 8% drop today.
plan your trade and trade your plan
