Hello traders,
on the last chart that as long as BTC is above 36500, we will go up.
and BTC pumped and closed daily with strong bullish candle that may seem the bulls are back again.
Does we have a confirmation that we are going to be bullish again? or it's just a correction on a bearish trend?
In my opinion, in lower timeframes the bulls are good and as long as we are above 38800 daily we are going to 47800.
based on this signal we can open a trade with the following targets and stop-loss
===============================================
#BTC/USDT
Entry now at 41500 as a first entry point
the second entry point should be around 39100
targets are 47800 and 51k
stop-loss is closing daily under 38800.
===============================================
What about larger time frames? weekly and monthly ?
tomorrow at Monday we are going to see how the current weekly candle will close.
In my opinion closing above 48850 will be perfect for bulls and confirm that we are at least are going to go up for the next week or even month.
Bullish confirmation would be closing weekly above 51k.
in monthly chart, 36500 seems to be strong support for bulls that protected the price and rebound it for second time now, retesting is not a sign for weakness but more and more visiting 36500 will weaken it and the chance to breakdown this support will increase.
so, you can confirm a bearish trend if we closed monthly under 36500.
I hope my analysis is clear as possible and you must make your own analysis.
Take care every one and thank you🌹
on the last chart that as long as BTC is above 36500, we will go up.
and BTC pumped and closed daily with strong bullish candle that may seem the bulls are back again.
Does we have a confirmation that we are going to be bullish again? or it's just a correction on a bearish trend?
In my opinion, in lower timeframes the bulls are good and as long as we are above 38800 daily we are going to 47800.
based on this signal we can open a trade with the following targets and stop-loss
===============================================
#BTC/USDT
Entry now at 41500 as a first entry point
the second entry point should be around 39100
targets are 47800 and 51k
stop-loss is closing daily under 38800.
===============================================
What about larger time frames? weekly and monthly ?
tomorrow at Monday we are going to see how the current weekly candle will close.
In my opinion closing above 48850 will be perfect for bulls and confirm that we are at least are going to go up for the next week or even month.
Bullish confirmation would be closing weekly above 51k.
in monthly chart, 36500 seems to be strong support for bulls that protected the price and rebound it for second time now, retesting is not a sign for weakness but more and more visiting 36500 will weaken it and the chance to breakdown this support will increase.
so, you can confirm a bearish trend if we closed monthly under 36500.
I hope my analysis is clear as possible and you must make your own analysis.
Take care every one and thank you🌹
