Hi to all,
Bitcoin started to rise this week because of positive news. For a new strong bullish wave 42K level so important key level. First, we need to stay above 37,5K today. After that we can talk about a new bullish wave but now its too early to talk about it. This move can only be a correction inside the consolidation zone.
Keep following for updates. I'll share all next steps as i see.
If you find the analysis useful, please support me with LIKE and feel free to ask all your questions as a COMMENT.
Good Luck! See you soon.
Bitcoin started to rise this week because of positive news. For a new strong bullish wave 42K level so important key level. First, we need to stay above 37,5K today. After that we can talk about a new bullish wave but now its too early to talk about it. This move can only be a correction inside the consolidation zone.
Keep following for updates. I'll share all next steps as i see.
If you find the analysis useful, please support me with LIKE and feel free to ask all your questions as a COMMENT.
Good Luck! See you soon.
Comment:
BTC came to the top of consolidation range. The first signal for keep long positions is any breakout of this range upside. The second and most important signal for keep longs is breakout of descending trend upside.
Comment:
The last Lower High level was broken by the weekend move but downtrend line is not broken yet. After the trend brakeout upside moves could be faster. Be carefull about that and don't stay short if you see any breakout.