Bitcoin (Jan 04) - Just some resistances before uptrend
Updated
BTC is being stucked at the MA50 on 1D timeframe with a Doji candlestick.
What should we expect?
We should prepare for 2 possible cases :
1. Higher chance - Uptrend
- BTC will pass over 7400$
- This doji is just a bear trap for next pump.
- But it will stop around 7500-7600 and come back 7250$
- Then pump strongly to over 8000$
2. Lower chance - Bear's turn
- BTC will form a Doji for true and dump back to under 7200$ and bear will slab BTC again!
- Target of this dump is abour 6400-6600$
What should we expect?
We should prepare for 2 possible cases :
1. Higher chance - Uptrend
- BTC will pass over 7400$
- This doji is just a bear trap for next pump.
- But it will stop around 7500-7600 and come back 7250$
- Then pump strongly to over 8000$
2. Lower chance - Bear's turn
- BTC will form a Doji for true and dump back to under 7200$ and bear will slab BTC again!
- Target of this dump is abour 6400-6600$
Trade closed: target reached
Done all targets
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