daily must close in the channel for next bullish movement , close below channel may end the bullish movement since 4k
for safer trade we can buy or sell after triangle break , long and short zones are on the chart , for long term targets we can look after blue channel , breaking above will take us to somewhere new i think
buy in case of close in buy zone above resistance
like i said in my previous idea price is where it shoud be , going through the channel will take us to higher levels in daily candles
price reacted to bottom of two channels , theres two senarios . look after midline
breaking above falling wedge will start a strong upwrd movement and weekly close below blackline will take us to 0.06 usd
macd shows weak , ma,s give sell signal , and smaller upward channel and midline of bigger channel breaking
im still bearish , price going up but volume decreasing , also its a bearish flag , we rejected some important resistances . daily resistance in 8200 can be first target , but also there is a buy zone wich can take us to 9200 and 9300
i dont know why but i still believe in a big red dildo in halving party . after that , just need to be careful about daily support
bearish flag in hourly candles 1 . 2. 4 . and remember we are not in the bottom of channel yet
two senarios . i think that dump first then some range market
top of the channelfor the first target
like i said in previus ideas . 9200 is very important resistans in daily chart , daily close above 9200 will take us more and more closer to 10k and with this flags and halving fomo looks like we already there but still ,,, we will wait for daily close
price will touch the midline and if midline breaks next stop will be 7700 area , 7700 is very strong daily resistance and reaction to that will takes us to 10k
price is in bullish penant . also got supported on midline of channel . and remember theres only 5 days remain for bitcoin halving and theres a buy pressure
this dump was fast , but also we had 14k to 9k , or 12k to 7k in this bearish line . and many stronger dumps in bitcoin history , there wasnt any virus that time ! i think it was a natural move but a little faster , we are in a down trend line , if we confirm black line below we will start a new chapter of bitcoin .
why so fast ? cause halving is near and whales gave themselves some off ,sell together then buy together . corona was a good excuse to start over and huge profit , really comedy that some people says btc will go zero , even old housekeeper ladies will buy bitcoin in this price 😄