BTC Update 17,8 Target and bounce hit.
Possibly too bullish of a movement upwards. I mention the targets I would like. Ended the next 1HR around 18,050-18,200 would be preferable for bottom support and consolidation for a movement upwards in the coming hours.
We did hit the 200smma on the week timeframe which was the same place BTC hit in march 2020 for that bounce. There are some idfferences though.
As usual, the target I wanted to hit was more or less hit, but in my opinion, once again there is possible too much buying.
I also lay out what I would like to see if the price doesnt drop before the next 1HR candle. I believe it was an end around 18.9k. I cant remember exectly though.
We did hit the 200smma on the week timeframe which was the same place BTC hit in march 2020 for that bounce. There are some idfferences though.
As usual, the target I wanted to hit was more or less hit, but in my opinion, once again there is possible too much buying.
I also lay out what I would like to see if the price doesnt drop before the next 1HR candle. I believe it was an end around 18.9k. I cant remember exectly though.
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