Short term Bitcoin analysis 09/10/21
Updated
Hi again, today I´ll will write about the previous and possible futures events and whats my expectations are on btc movements.
First of all, we did not have a break out, but we are surpassing the lines by bouncing in the 45100 level wich is a structural support, we also find resistances in the 4th line, that once we pass that 4th line I expect an event, possibly bullish but that depends on the momentum of the break. If the support line is tested several times, i would expect going to 43800 - 44400 levels, but in my opinion the chart it´s forming a double bottom that will give us the 48-49 k, and after that I keep expecting the 45100 or the 42000 range.
First of all, we did not have a break out, but we are surpassing the lines by bouncing in the 45100 level wich is a structural support, we also find resistances in the 4th line, that once we pass that 4th line I expect an event, possibly bullish but that depends on the momentum of the break. If the support line is tested several times, i would expect going to 43800 - 44400 levels, but in my opinion the chart it´s forming a double bottom that will give us the 48-49 k, and after that I keep expecting the 45100 or the 42000 range.
Note
4th line keeps rejecting the candlesticks, estructural resistances shows support, we have to confirm that support in order to maintain these levels.
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