Bitcoin Weekly Analysis from 2020, Possible $89,600 Target !
Hello to the large community of traders,
Bitcoin, the king of the crypto market !
To check the overall market situation, you should always check the Bitcoin price chart as well as its dominance. Examining these two factors together will help you get an overview of the market.
On this chart, the Bitcoin weekly chart is reviewed and its potential target is highlighted based on the first impulsive leg height. The general market situation is bullish, but remember that only buying on the low and selling on the top will make you rich. This is exactly what big players do.
For simple and practical analysis, be sure to check the following:
The Major Swings
Buying/Selling Pressure
Top/Bottom of Range ( Do not buy at top and sell at bottom of range, retails do ! )
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Bitcoin, the king of the crypto market !
To check the overall market situation, you should always check the Bitcoin price chart as well as its dominance. Examining these two factors together will help you get an overview of the market.
On this chart, the Bitcoin weekly chart is reviewed and its potential target is highlighted based on the first impulsive leg height. The general market situation is bullish, but remember that only buying on the low and selling on the top will make you rich. This is exactly what big players do.
For simple and practical analysis, be sure to check the following:
The Major Swings
Buying/Selling Pressure
Top/Bottom of Range ( Do not buy at top and sell at bottom of range, retails do ! )
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Comment:
Bullish gap got filled.
Comment:
Wait to see how this week candle will be closed. Bears were strong enough to push price low to the 20 EMA. Correction phase of impulsive leg will be finished if H1/H2 setup formed here. So 3 consecutive weekly bear bars need strong buy setup for higher prices.
