sorokanstanislav

BITCOIN Price Breaks $52000, What`s next?

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
On BTC Dominance we are located on strong support area between 59.7 and 61 approx. on 4H TF we can see that this support is quite strong, but LL and LH show us that we have down trend and its a matter of time when we will break this support through and go below on the way to altseason!
From the last BTC update the price perfectly worked our and we could see break out of 52K resisatance area.
Now when the price in around 54K I`d like to see that 52K area will be our support are, so we can go to the next resistance, which is 55K area.
I doubt that 52K won`t be able to be our support, but in case if NO, then we are going to 49.5K support.
So my next target is to see 52K as a support and wait till we test 56K resistance area , if break out will be succesful, highly likely we will see new ATH soon.
P.S.
It is my personal opinion. I am not financial adviser. DYOR.
Have a nice day!!!

If you like my reviews and it help you to understand the current market situation, subscribe to the channel, like and follow the updates of ideas that are not trade recommendations.
Thanks to your likes, I understand how many people rated my review positively. Thank you very much and thank the sympathetic commentators for understanding. I spend my personal time monitoring the market situation and share my opinion with you openly. I ask you to take this point into account and treats with understanding.

Comments