I believe we will see a small bounce based on the fact that the support held yesterday. The earnings are on the way as well, this could cause a run up to it. The earnings itself however, might be negative. Looking to sell before it imo.
Target is included in the charts.
Congratulations to those who followed my linked idea. We got in nicely around $46.
My main target still stands around $53, there is a possible 2nd target around $52 as there is a weekly resistance there.
I believe we will go up after yesterdays very bullish hammer. It dropped hard but got bought back very well and even ended positive.
Twitter has recently broken through the 6-year trendline as seen in the chart. This week it has successfully retested the trendline as support as well.
The Twitter train is about to get wings and fly upwards.
Target 1 would be 50
Target 2 would be 53.48
I believe the move up will start next week.
This is not financial advice, do your own research.
Seeing how this week has a low volume dump, I'm pretty positive that next week will be a nice green candle upwards.
The expectation is around $40 in the case Twitter goes Bullish.
Seeing the Weekly MA trending upwards is also a bullish signal.
There are a few reasons why I'm currently going long with Bitcoin.
1. It recently had a big dump that rekt a lot of longs.
2. Now you get a lot more shorters (also bottom shorters)
3. We hit 2 daily levels as well at 8420.5 & 8357
4. After killer wicks that go both ways Bitcoin usually goes back to the mean.
These 4 reasons are why I think we will see at least 8.6k+
We are currently breaking down from the triangle and horizontal support lines.
Depending on how this 4 Hourly closes we might see a breakdown towards new liquidity around 8.2-8.4k.
What could save us is a chad candle back into the triangle and above support lines. Closing below 8603 will mean bearish for me now.