Bitcoin to 46-48k in short term on W
Looks like we have a W pattern on the 4-hour that should push this up to the red line once it breaks overhead resistance. I'm guessing with wick it could take us to 47-48k with a high-volume push. I expect at some point this is going to correct and drop big. I am not a buyer at this level as it's too risky, but I think likely to break overhead resistance. It's the 3rd time beating on the door of that resistance so it usually busts through and that would I think easily take us to 46k and higher.
Nota
Already broke downward trendline and re-tested successfully. Black line is from breakout from bottom of W. Resistance from trendline at around 46k.Nota
trendline at top is a little mis-drawn, actually a bit higher, but had issues updating this. Either way, W to 46k or more up to trendline around 48,300 or soNota
watch the upper trendline, not drawn and the downward trend, we break below we are going down, otherwise bullishOrdem cancelada
Broke the trendline to the downsideNota
sitting on the 43500 support, still undecidedNota
Going sideways, bullish consolidation and looking likely to go up to 46-48k if it holds.Nota
holding on long term trendline, but not looking greatNota
broke trendline to downside, but still a ton of support lowerOrdem cancelada
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