BitcoinAtualizado BITCOIN giant descending channel leads to + 20k
Its decision time on BTC soon.
We could possible be in a GIANT descending channel. Recent 10500 was just a fakeout and the dump the nessessary correction.
We are now approaching a deciding area:
- Rising wedge after dump already almost formed
- New resistance line from february 10500 fakeout
- SMA 50 resistance
- upper descending-channel-line support
- volume decreasing
Personally i think about a retest of 4800 lows before halving and would try to enter the market there. 1-2 weeks after halfing price should finish distribution/accumulation from february fakeout and break out of the descending channel. And FED keeps on printing meanwhile..
shortterm bearish --> 4800 --> 4-6 weeks
longterm bullish --> +20k --> bullrun starts end of april
THIS WILL BE EPIC!
We could possible be in a GIANT descending channel. Recent 10500 was just a fakeout and the dump the nessessary correction.
We are now approaching a deciding area:
- Rising wedge after dump already almost formed
- New resistance line from february 10500 fakeout
- SMA 50 resistance
- upper descending-channel-line support
- volume decreasing
Personally i think about a retest of 4800 lows before halving and would try to enter the market there. 1-2 weeks after halfing price should finish distribution/accumulation from february fakeout and break out of the descending channel. And FED keeps on printing meanwhile..
shortterm bearish --> 4800 --> 4-6 weeks
longterm bullish --> +20k --> bullrun starts end of april
THIS WILL BE EPIC!
Trade ativo
Back below trendline. I think 7350 was a fakeout.Trade fechado: stop atingido
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.