BTC: IS IT READY TO TEST $28K?
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Welcome to this BTC update. BTC is going well so far and perfectly following our previous analysis. Currently, trading above the 22k level.
Now, let's get to the chart.
BTC is forming an Adam & Eve pattern in a 12hr time frame and currently trying to break the neckline which is at the $21,800 level. For a bullish scenario, BTC needs to break this neckline and also the resistance at the 22.5k level. If we get a close above the 22.5k level then you clearly see that there is no major resistance till the 28k level.
Also, keep in mind that if again close below the 21.8k level then we might see again the 20k level so play accordingly now.
IMO it's better to wait for a close above the 22.5k level for opening any new position.
What do you think about this?
Do you think we break the 22.5k resistance and head towards the 28k level or do you think that we again see a dump?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this BTC update. BTC is going well so far and perfectly following our previous analysis. Currently, trading above the 22k level.
Now, let's get to the chart.
BTC is forming an Adam & Eve pattern in a 12hr time frame and currently trying to break the neckline which is at the $21,800 level. For a bullish scenario, BTC needs to break this neckline and also the resistance at the 22.5k level. If we get a close above the 22.5k level then you clearly see that there is no major resistance till the 28k level.
Also, keep in mind that if again close below the 21.8k level then we might see again the 20k level so play accordingly now.
IMO it's better to wait for a close above the 22.5k level for opening any new position.
What do you think about this?
Do you think we break the 22.5k resistance and head towards the 28k level or do you think that we again see a dump?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
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