BitcoinLong
BTC 30m ANALYSIS 04/12
Analysis:
Inside of the M30 Swing highs and lows we have noticed an internal change of character. Price was creating LH + LL. Now we can see its broken out of this pattern and is creating HH + HL, keep in mind this is still LH in relation to the M30 swing High. This could just be a correction. Overall I think this would be a great opportunity to Buy because as we are approaching 100K fomo will set in and crypto speculation and regulation nearing will set this off the charts. I think long term we can expect to see BTC 250k+ before 2030.
I've used the potential area of resistance as TP1 and secured partial profits however now I'm closely watching to see if we will break out of this uptrend and potentially see a LL.
To consider:
Inside of the M30 Swing highs and lows we have noticed an internal change of character. Price was creating LH + LL. Now we can see its broken out of this pattern and is creating HH + HL, keep in mind this is still LH in relation to the M30 swing High. This could just be a correction. Overall I think this would be a great opportunity to Buy because as we are approaching 100K fomo will set in and crypto speculation and regulation nearing will set this off the charts. I think long term we can expect to see BTC 250k+ before 2030.
I've used the potential area of resistance as TP1 and secured partial profits however now I'm closely watching to see if we will break out of this uptrend and potentially see a LL.
To consider:
- Almost 100K
- FOMO
- Crypto Regulation Near
- Pullback or Bearish trend?
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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.
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.