Hi again, today I´ll will write about the previous and possible futures events and whats my expectations are on btc movements.
First of all, we did not have a break out, but we are surpassing the lines by bouncing in the 45100 level wich is a structural support, we also find resistances in the 4th line, that once we pass that 4th line I expect an event, possibly bullish but that depends on the momentum of the break. If the support line is tested several times, i would expect going to 43800 - 44400 levels, but in my opinion the chart it´s forming a double bottom that will give us the 48-49 k, and after that I keep expecting the 45100 or the 42000 range.
First of all, we did not have a break out, but we are surpassing the lines by bouncing in the 45100 level wich is a structural support, we also find resistances in the 4th line, that once we pass that 4th line I expect an event, possibly bullish but that depends on the momentum of the break. If the support line is tested several times, i would expect going to 43800 - 44400 levels, but in my opinion the chart it´s forming a double bottom that will give us the 48-49 k, and after that I keep expecting the 45100 or the 42000 range.
Comment:
4th line keeps rejecting the candlesticks, estructural resistances shows support, we have to confirm that support in order to maintain these levels.