BTC has just seen a massive breakout to the upside and went up more than 15% from its previous ATH, making a new ATH above 48 000 dollars. This is brilliant. On the other hand we believe BTC needs to establish proper support down at the 41 000 dollar area where it had previous resistance. This area also line up perfectly with the top of the green ichimoku cloud on the 4hr which offers great additional support as it has in the past on this run.
A retrace to this level will be a very normal and healthy move for BTC and finding support at that level may offer BTC he additional strength to reach 50K.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
A retrace to this level will be a very normal and healthy move for BTC and finding support at that level may offer BTC he additional strength to reach 50K.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.