btcinvests

BTCUSD: Where are the support zones?

KRAKEN:XBTUSD   XBT / USD
Hello my friends!

Are you asking yourselves, where could the support zones be? Here is my view, based on the volume ranges. Zone 2 is the most likely in my opinion.

If btc were to go much lower, we would have a trend change. I don't think so at the moment. Even though rumours are doing the rounds that the US treasury wants to take action against several financial institutions for money laundering with cryptocurrency, But that doesn't change the current situation. It rather helps that cryptos are even more accepted in the future. The payment ban in Turkey is also rather insignificant for the crypto world. And in Turkey, it is not about owning and trading, but only about paying directly.

Imo, this was or is a good and long overdue correction. It gives many the change to enter or to re-enter. In the end, the target zone is still 115 or higher for 2021.

We will know more tomorrow when the institutional investors enter the market.

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Let's see what happens.
Happy trading. :-)


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My post from Apr 17 (yesterday):



My Post Nov 19, 2020



My Post Apr 15, 2019 (2 year ago!)

Comment: 2. zone at around 45k could be reached. :-)
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BTCINVESTS.de
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http://www.btcinvests.de
mail@btcinvests.de
https://t.me/btcinvests_de

German Bitcoin Consultant · Trading · Research · Investing

Investing in Bitcoin and Cryptocoins since 2014.
Trading experience for over thirty years.



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Comments

thank you again for keeping us up to date
+2 Reply
btcinvests BuyGanyo
@BuyGanyo, you welcome as always. :-)
Reply
really not good situation
Reply
btcinvests Urahara
@Urahara, its a correction. :-)
Reply
Institutionals didn’t help today, but the correction helps against the stop-loss junkies. What do you think?
Reply
btcinvests Btcsilversurfer
@Btcsilversurfer, hmm hard to say. imo the correction was overdue. :-)
Reply
Hello! I have gone through your analysis and I really like them. Good job! You just got yourself a new follower.
What is the indicator you used in this chart? Modified bollinger bands?
Reply
@Infib, thank you. yes indeed, these are special modified bbs programmed by me for me. :-)
Reply
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