BUY Bitcoin Idea
5400-5575 is Multi Month Horizontal Support
5000 is psychological round number support
4200-4780 Areas has Multiple Horizontal Support Areas
4553 is 100 Week MA moving Up every week
4575 Multi Week Trendline is also moving up
so Essentially this down-leg has to stop 4500-5400 Area as per previous forecast. Buy into this zone on the first signs of strength
50 Week MA is the 1st Target. Expect a Full Retracement back to this zone after we bounce to 50 Week MA Area
Yes most likely we drop one more time after we bounce from 4500-5400 towards 7900-8500 area
Market will be extremely slow for most part except few big days
5400-5575 is Multi Month Horizontal Support
5000 is psychological round number support
4200-4780 Areas has Multiple Horizontal Support Areas
4553 is 100 Week MA moving Up every week
4575 Multi Week Trendline is also moving up
so Essentially this down-leg has to stop 4500-5400 Area as per previous forecast. Buy into this zone on the first signs of strength
50 Week MA is the 1st Target. Expect a Full Retracement back to this zone after we bounce to 50 Week MA Area
Yes most likely we drop one more time after we bounce from 4500-5400 towards 7900-8500 area
Market will be extremely slow for most part except few big days
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Twitter @tradingroomapp
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.