Hello 🐋 Based on the chart, the price is close to the parallel channel support area and in triangle pattern, if the price doesn't break the support zone to the downside and form the ascending channel, we will see more gain, at least to our upper trend line 🚀 otherwise we can see more correction to lower support level before hitting the upper resistance area ❌🧨 if the price complete the breakout of the parallel channel to upside, even we can expect more gain and ATH 💡🚀🚀
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Interesting explanation, I support you and agree with your idea)
CryptoCheck-
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Nice 👌👌
CryptoFerk
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Also don’t get sucked into to heavy HOPIUM. We need to wait and see to believe. This could be the largest the market goes this year. As in we are at the peak of it now then it stays stagnant until the end of year or half way then September October and November sales come. Then NEW YEAR 2024 THE HALVING YEAR! Then see the burst of crypto 6 months before and after and even 1-2 years post before it’s settled then it goes up again in 2026 or 2027 before 2028 halving!
Great post but everyone look at SHORT AND LONG POSITIONS EVEN IF YOU LONG OR HODL ONLY SEE WHAT BESRS ARE TRYING TO ACHIEVE! Use the free insights here! It’s great
MadWhale
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@createxcrypto, not based on one movement and one day of trading, many month range market make wonderful potential for the price to boom
MadWhale
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plz share ur personal point of view, we will discus more here 📖
CryptoFerk
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@MadWhale, I believe (I’m not poster) that the market will sit at this price for 4-6 hours now maybe up or down $100-$400 over this time maybe both up and downs the break out point we need to see is 23k but really we need 23.7k to really be happy that it’s going to plan. For a Long.
The market could SHORT from here to anywhere in between $21,000-$18,000 but I don’t see that. HOWEVER I have said to myself or whatever “ I DON’T SEE THAT HAPPENING” then waking up to a market crash and half the value of balance gone. So yeah but recently it’s BULLISH. So expect more UPS however what goes up comes down and will always do so on the market any market.
It has to go up to go down or down to go up and side to side or side down or down side up down side down up side up side up side down up down up down down down flat up down flat up down flat down down flat down up flat down flat up dow down down up flat down up flat up down flar up up flat up up up up up flat down flat up down up flat up down up flat down flat down flat down flat down down flat up flat up flat up flat up flat flat flat flat down up flat down up flat down.
See last monty..
MadWhale
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@createxcrypto, Thanks for the information, did u check my previous analysis related to BTC price from 16k?