$BTC $BTC.X Weekly Kelt adjustment/Lower Kelt Target
Hello followers :),
Ive told myself to update as much as possible on a weekly basis the price action of BTC LTC ETH etc.
Heres an update as clean as can be.
Ever since we broke weekly upper kelt and closed below we started the downtrend hence top being in around 19k.
Key Facts:
BTC hasn't closed below middle kelt since 2015 indicating middle kelt trend is no long historical support.
Next support level to test will be lower kelt putting us below 6k with 5.8k target 1st.
Ive recommend staying on the sidelines ..
A buying point to me is anything near the lower kelt or below it taking a starter from there is usually a great indication to go long.
Ill be back in another week.. Ive set these targets a week ago giving this time to unfold within a 4-6 week time frame.
Ive told myself to update as much as possible on a weekly basis the price action of BTC LTC ETH etc.
Heres an update as clean as can be.
Ever since we broke weekly upper kelt and closed below we started the downtrend hence top being in around 19k.
Key Facts:
BTC hasn't closed below middle kelt since 2015 indicating middle kelt trend is no long historical support.Next support level to test will be lower kelt putting us below 6k with 5.8k target 1st.
Ive recommend staying on the sidelines ..
A buying point to me is anything near the lower kelt or below it taking a starter from there is usually a great indication to go long.
Ill be back in another week.. Ive set these targets a week ago giving this time to unfold within a 4-6 week time frame.
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