Update BTC D1 from 1/5/2020 pattern and timming
As you can see, our confirmation price zone to target 3 is 58561 continuously rejected.
Today I will analyze thoroughly for you where we are and how we should do
At first, BTC .D is still falling so that BTC rises with the altcoin rally until BTC .D hits 52.x points. (Temporarily is like that)
Looking at the chart we have 3 points to note
1: We are on a very strong bullish pattern with 3 targets 1,2 and 3.
(Sometimes target 3 won't complete when a bear market gets too strong + bad news happens). Otherwise, it can extend 100% more with target 3 (That means BTC surpasses 68k threshold).
2: We have a 3-high bearish pattern that continually tests the 63000 level and is rejected
3: 2 times the uptrend line is broken.
From (2) + (3) we have
There will likely be a chance that BTC will return to test lower support levels below at
52500
45000 And last is 35000 and then continue to accumulate to go up.
So what should we do: First, the uptrend is up, so of course, buy first and then sell down later.
To be sure, I recommend you wait until the end of April 7, 2022 to open any big trade for both buying up and selling down the entire market. Because I think we already have quite enough data.
Today I will analyze thoroughly for you where we are and how we should do
At first, BTC .D is still falling so that BTC rises with the altcoin rally until BTC .D hits 52.x points. (Temporarily is like that)
Looking at the chart we have 3 points to note
1: We are on a very strong bullish pattern with 3 targets 1,2 and 3.
(Sometimes target 3 won't complete when a bear market gets too strong + bad news happens). Otherwise, it can extend 100% more with target 3 (That means BTC surpasses 68k threshold).
2: We have a 3-high bearish pattern that continually tests the 63000 level and is rejected
3: 2 times the uptrend line is broken.
From (2) + (3) we have
There will likely be a chance that BTC will return to test lower support levels below at
52500
45000 And last is 35000 and then continue to accumulate to go up.
So what should we do: First, the uptrend is up, so of course, buy first and then sell down later.
To be sure, I recommend you wait until the end of April 7, 2022 to open any big trade for both buying up and selling down the entire market. Because I think we already have quite enough data.
