mr_kosovskiy
Long

BTC/USD - The structure of the upward movement is not broken!)

BINANCE:BTCUSDT   Bitcoin / TetherUS
I think we'll see the 7500-8000 coming in in April. After that, we can go to test the lowlands, to the 5000 area.
Also, if you remember my expectations for the bit after the strait, it is a triangle of large (4000-8000) and double zigzag with a decrease in the area 2800-2200.
For Bulls, two zones play an important role:
1) 6100-5900
2) 5500-5200
If we run them through, I'll take option 2 more seriously. In the meantime, we still have a lot of teddy bears in that plan. We've created an interesting psychological situation. Right now, a lot of people are shorting their growth. Forgetting what they expected a month ago.
Another moment in the month's candle. It has a very good shadow from below, which in the long run says more for growth than yes fall. The bottom is set.

So, the bottom line:
1) Waiting for the week to close at all quotes.
2) I consider the decline to the area 6600-6500 at the weekend. After that I expect another test of 7500-7800 during April. But after that, nothing prevents us from going down, by 5000 or even lower. Since the movement is only zigzags if you look above the clock. But I'm still more inclined to the big triangle.) we go below 6500, we go to the 6100-5900 test area. I'm gonna try the longitude from it.
I'm not gonna get into a deal this weekend.
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Comments

There are some very interesting horizontal levels on your chart here based on the fib retracements. If you are looking to add more horizontal levels, check out my analysis here where I look deeper into using human psychology to come up with support and resistance lines:
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good explanation, my idea is for the bull
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thanks for above text and i am beginner
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hello friend. good work !!
my idea about bitcoin
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breakout of horizontal will confirm the double bottom
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you did the good job)
+1 Reply
mr_kosovskiy Alex_Clay
@Alex_Clay, tnx
Reply
Great Analysis!
Would be great to hear your opinion on my new work on Bitcoin
+1 Reply
@Anpu, +
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