Bitcoin Starts To Recover, New Target Is Set At...
Updated
Yesterday we marked a new higher low for Bitcoin compared to the June 22 candle-wick.
The day is starting with good momentum with prices recovering strong... Here is the 4H chart:
The volume is really strong and prices went from a new low to right back above EMA50, signaling good momentum and strength.
We also get the biggest volume bar since June 22 on this same timeframe, 4h.
Now, looking back again at the daily chart, we have a new target.
Last time the bounce was small and only hit ~$35,000 USD per BTC.
This time it can go for longer and we can hit $40,000 or $45,000+...
What's your take?
Do you believe this is possible?
We just had a higher low and EMA10 is being challenged as I write this post... Leave a comment with your thoughts, charts and opinions.
Thank you for reading.
Namaste.
The day is starting with good momentum with prices recovering strong... Here is the 4H chart:
The volume is really strong and prices went from a new low to right back above EMA50, signaling good momentum and strength.
We also get the biggest volume bar since June 22 on this same timeframe, 4h.
Now, looking back again at the daily chart, we have a new target.
Last time the bounce was small and only hit ~$35,000 USD per BTC.
This time it can go for longer and we can hit $40,000 or $45,000+...
What's your take?
Do you believe this is possible?
We just had a higher low and EMA10 is being challenged as I write this post... Leave a comment with your thoughts, charts and opinions.
Thank you for reading.
Namaste.
Note
Next target $33,333 on the 4H timeframe...Looking better now.
Note
This one played out nicely.First target at $40,000 hit.
Note
Patience is key.Together we are reaching our 45K target.
Check the new article for new targets ($100,000 and beyond).
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