BTC fits well in a 4h- Linear regression channel that drawn from 10th of NOV to 1st of DEC!
The little dynamic resistance drawn from body to body of 4h candles which started in 7th of December is broken now.
We are perfectly reacting to body peak of 19th December!
Everything is ready for a long except the Linear regression ceiling that may be broken.
Price might go up as much as it went from 4th of December to 51845 so it might go as the purple or yellow arrow.
Note that the purple arrows which are using to predict are just like the ones drawn on the 4th to 7th of December.
Buy now or after break of Ceiling of Linear regression.
TP: 53263 to 57689
SL: 45K
Move the SL to 47.5K if price broke the Linear regression.
The little dynamic resistance drawn from body to body of 4h candles which started in 7th of December is broken now.
We are perfectly reacting to body peak of 19th December!
Everything is ready for a long except the Linear regression ceiling that may be broken.
Price might go up as much as it went from 4th of December to 51845 so it might go as the purple or yellow arrow.
Note that the purple arrows which are using to predict are just like the ones drawn on the 4th to 7th of December.
Buy now or after break of Ceiling of Linear regression.
TP: 53263 to 57689
SL: 45K
Move the SL to 47.5K if price broke the Linear regression.