BITMEX:XBT   Bitcoin
-I confess that a rise of more than 20% was not in my plans.

-In previous analyses, some scenarios were considered based on the current situation, and one of them would be prices testing the long average region at $19.8K on the daily chart, as well as the 50% FIBO region of the high pivot mounted on the monthly chart. A priori this is what happened!

-However, the following week, prices were strange suggesting that we would have a double top on the daily chart in the region of $25.4K.

-This did not happen, and caused prices to disengage from the long average (springboard) and rise more firmly, leaving a beautiful hammer on the weekly chart, which, with its break, served as an impetus to seek the region of $27.4K, leaving only the attempt to reach the upper region of $32.3K.

-The daily chart suggests corrections to the pivot point region at $24.4K, to form a “pull back” and look for the steepest target at $32.2K, which is a region of important bottoms lost.

-You will like this graphical analysis!

-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic reviews!


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