Strong Foundations.
Updated
BTC is nearing critical levels where there should be strong support. Buy levels around 34'000 (yellow ring). Based off trend and wave analysis we should atleast see a rebound upto 40-45k within the next few weeks before potentially making new yearly lows, or if volume is high enough potentially new ATH. 34'000 is very undervalued for BTC short term thus we should see some upwards movements. Long term (1-2 years) I'm more unsure. [The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.]
Note
LONG position triggered @34150Note
SL @ 31'000 TP @ 48'000Note
Added to LONGS @32850 averaging position down to 33500Note
3rd touch of the yellow buy zone, adding longs in each of these regions, it will try $40'000 next before some further consolidation to refuel (39-41 range) and a continuation of the uptrend.
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.