Hello and welcome to my analysis:
After a long time I’m back with another BTC chart.
So the path for Bitcoin is clear here;
If we want to get bullish and be quick about it, we need to surpass $44000 area which has been a very strong resistance these past 2 weeks.
And not only that, we need to break $45000 as well which we only tested it one time.
But as you can see there is another obvious path for Bitcoin here and that’s finishing off our Elliott wave E.
Rejection here and losing the $42-43k support has only one meaning, WE ARE GOING DOWN.
So my target for each path is: $48k for Bullish scenario and $34k for Bearish scenario
As always guys, stay safe and wait for confirmation on each trade
Don’t forget to hit the like button ;)
After a long time I’m back with another BTC chart.
So the path for Bitcoin is clear here;
If we want to get bullish and be quick about it, we need to surpass $44000 area which has been a very strong resistance these past 2 weeks.
And not only that, we need to break $45000 as well which we only tested it one time.
But as you can see there is another obvious path for Bitcoin here and that’s finishing off our Elliott wave E.
Rejection here and losing the $42-43k support has only one meaning, WE ARE GOING DOWN.
So my target for each path is: $48k for Bullish scenario and $34k for Bearish scenario
As always guys, stay safe and wait for confirmation on each trade
Don’t forget to hit the like button ;)