alfonwicaksono

alfonwicaksono

I am always bullish in the long term. But breakout is not only about break the resistance we need to come back to retest sometime. So that's why I am bearish in the mid term. 21 weekly ema and 20 weekly ma will be the key for next 3 month.

alfonwicaksono

Like I said before the purple ring is important , a purple ring to be supported since BTC drop below 30K and never retests. Today BTC has a change a retest for very first time and failed. That's why I was prepared SHORT from yesterday. So you can use the white circle to find strong support and resistant.

alfonwicaksono

I was drawing this chart since last year. There is 3 combination of fib circle. Support..Resistance and Time. Btc already passed the black ring as a pivot ring and time. If btc can find support at Red or Purple will be bullish continuation.but if losses support we will see crash sell off disaster again.

alfonwicaksono

So Now BTC approach the critical level if this resistance" violet line" flip become support in my opinion based on the chart BTC can push at least 55K level. But buy order 37K - 42K range .

alfonwicaksono

After being rejected at 46K level in my opinion the next direction is a downside.