Bitcoin, the path to the bottom, to ATH and all you need to know
These are just some very interesting levels I have mapped out.
>> Below 3857/3900 weekly sellers that initiated the move at 200W EMA are still in control.
>> Strong advance out of the blue box has a potential 4.4K double top as a target, so even if it happens we wouldn't be making a daily higher high yet.
>> Downside target would be a retest of the lows.
>> I expect the move to come during the time spent inside the vertical green area.
Better not to take any trades unless there is a movement out of the blue box.
>> Below 3857/3900 weekly sellers that initiated the move at 200W EMA are still in control.
>> Strong advance out of the blue box has a potential 4.4K double top as a target, so even if it happens we wouldn't be making a daily higher high yet.
>> Downside target would be a retest of the lows.
>> I expect the move to come during the time spent inside the vertical green area.
Better not to take any trades unless there is a movement out of the blue box.
Comment:
Updated blue box, this level is more relevant since is the most frequent price since the latest high @ 200W EMA and the original idea was the same but counting from the low at 3111. I'm asuming we are at a downtred now, so counting from a high is more appropriate. Still expecting the move to come after today's close and no later than three candles after it.
Comment:
Thick black lines = current range
Thick red lines = key levels if range breaks
Thick red lines = key levels if range breaks
Comment:
Updated view and targets: