Draw this chart last week and worked so far.
Before continuing the bull run BTC should rest and consolidate in the fibo channel shown on the chart.
If trend breaks down 52k-50k support will probably work and will push the price up.
If trend tents to break above 62k-76k channel will probably be on the table without any surprise.
There isn't any bad news on the market that can trigger fear index but I cannot say the same for other markets. Please be aware all the time and set your stop/loss properly.
*Not financial advice, please do your own research.
Before continuing the bull run BTC should rest and consolidate in the fibo channel shown on the chart.
If trend breaks down 52k-50k support will probably work and will push the price up.
If trend tents to break above 62k-76k channel will probably be on the table without any surprise.
There isn't any bad news on the market that can trigger fear index but I cannot say the same for other markets. Please be aware all the time and set your stop/loss properly.
*Not financial advice, please do your own research.
Comment:
Target achieved.Will publish a new idea about BTC price action today.Please follow if you like my ideas.