#BTC Reached 28k! This is my next Move!

29 ธ.ค. 2020

In my last chart I speculated a strong move towards the 28k level.
The chart was spot on!
What does the current scenario speak?
It looks like BTC is following this channel.
The mid line and the lower line aligns correctly with the price. Means the pattern is being respected by the price so far.
Also BTC already broke below 21D MA in this chart which shows bearish signs in the short term.
If the daily also closes below 26.2k we can Open a short position with a target of :

$25600
$25430
$24992

I have drawn the possible scenarios in BTC.

This chart gets Invalidated if Price breaks and closes above 21D MA in the 4 hour chart.

Please keep in mind, I get messages from some of you on various platforms like what's your next move?
Guys BTC just broke out of the 3 year resistance.
It's really very bullish right now, No can be absolutely right in this market.
I could be horribly wrong so do your own research, take less Risks and take profits on small moves.


If you like this chart please hit the like button and support my work.

Thanks for Reading

#PEACE

30 ธ.ค. 2020

บันทึกช่วยจำ

Pattern got invalidated since the price went back up above the 21D MA.
This was the condition stated for invalidation in the chart.
BTC is bullish and is highly likely to reach 30k keeping in mind a daily close above the local top 28.3k.
Support remains at 27.6k, 27.2k.




Stay tuned

7 ม.ค. 2021

บันทึกช่วยจำ