BTC needs to close above key zone to establish momentum
Remember I pointed out one particular candle in my video? I said I didn't like the wick and it might seek support to lower level.
As I expected it, price retreated to previous low(even penetrated a bit), so what's next?
Weekly: bullish no doubt!
Daily: still in the key structure(bullish flag pattern)
4H: we have a cluster of MAs above as well as key fib levels & flip zone. Price has to be close above the yellow zone to establish bullish trend.
By the way, the below level of 42000 is a nice place for bullish setup.
As I expected it, price retreated to previous low(even penetrated a bit), so what's next?
Weekly: bullish no doubt!
Daily: still in the key structure(bullish flag pattern)
4H: we have a cluster of MAs above as well as key fib levels & flip zone. Price has to be close above the yellow zone to establish bullish trend.
By the way, the below level of 42000 is a nice place for bullish setup.
Comment:
plan your trade and trade your plan
