BTCUSD Bitcoin Forecast and Analysis *** DO NOT PANIC ***
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The selloff recently has closed out and liquidated millions of long positions as they hit their stop losses, BUT DO NOT PANIC,
as always, we aim to "BUY THE DIP and SELL THE HIGHS", maxmising profits in EVERY situation.
As seen on the H1 or even D1 Timeframe, we can see the selloff of BTC causing it to touch and retest TWO VERY IMPORTANT SUPPORT LEVELS that overlap each other:
1) Top of Ascending channel line it has broken out of @ 8500 region
2) Major support levels @ 8475 region
I would see us a strong rebound from these support levels for a LONG OPPORTUNITY @ 8500 towards retesting the next nearest resistance level @ 9000, and beyond that, the @ 10000 and @ 10500 resistance levels. The question is : would retesting 10500 happen before the halving?
I have more confidence in the prospect of BTC retesting @ 10000 only, before a short dump right after the halving then resuming its post halving bull run again.
As always, LIKE AND SUSCRIBE IF YOU LIKE WHAT YOU SEE AND THANK YOU!
Regards,
Gol D Roger
The selloff recently has closed out and liquidated millions of long positions as they hit their stop losses, BUT DO NOT PANIC,
as always, we aim to "BUY THE DIP and SELL THE HIGHS", maxmising profits in EVERY situation.
As seen on the H1 or even D1 Timeframe, we can see the selloff of BTC causing it to touch and retest TWO VERY IMPORTANT SUPPORT LEVELS that overlap each other:
1) Top of Ascending channel line it has broken out of @ 8500 region
2) Major support levels @ 8475 region
I would see us a strong rebound from these support levels for a LONG OPPORTUNITY @ 8500 towards retesting the next nearest resistance level @ 9000, and beyond that, the @ 10000 and @ 10500 resistance levels. The question is : would retesting 10500 happen before the halving?
I have more confidence in the prospect of BTC retesting @ 10000 only, before a short dump right after the halving then resuming its post halving bull run again.
As always, LIKE AND SUSCRIBE IF YOU LIKE WHAT YOU SEE AND THANK YOU!
Regards,
Gol D Roger
Note
On the M15 Timeframe, a slow reversal from SELL to BUY pressure can be seen on the stochastics and MACD, currently market is undecided.I would not advice taking action UNTIL A CLEAR BULLISH CANDLE PATTERN IS SEEN. (Engulfing green candle etc)
Trade active
LONG position to TP1 @ 9000, TP2 @ 9200, TP3 @ 9500
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.
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.