These are the short term possibilities that can occur within the next weeks or days(imo).
In the short term, every time we hit support it turns into resistance. (Bearish Bias)
If this selling pressure keep it up we may end up around 30k.
Real value of BTC around 30k?
Too much FOMO happened in that area it seems, so we may correct to 30k, if selling pressure...
Update from yesterdays idea, BTC respected this channel (Blue LINE Support/R).
Look for a breakout from BLUE give more time see how this channel plays out.
DYOR before placing any entry ! Thanks. Appreciate the feedback.
If the blue line 4hour level fails we may go bounce at the fib line over the next few days. If we breakout 57k+ from the 4hr channel we can buy a long entry.
As a new trader, any deep wisdom shared would be greatly appreciated.
Entry NOT confirmed (DYOR!) , we are looking for a breakout from the SUPPORT level. If we drop below
support bitcoin will have to step in. I would wait a bit more before placing a long order on a confirmed breakout candle. Good luck traders & appreciate any support.
We have been in accumulating zone for some time now. If this bull market 📈 continues back up we do have a good chance. This is my opinion so feedback is appreciated. Since we don’t have a lot of historical data on this coin it’s either gonna be a hit or miss.