As you can see on the chart green lines are major supports and red lines are resistances. Also there are 2 of U shape formations we can clearly see.
For me BTC will complete the second ''current'' U shape until 53K resistance. For Daily chart it seems like a litte correction. according to that we may see more dump to 42K. If 42k passed, more dump also expected.
My idea is:
TP1: 53600
TP2: 55555
SL:49K or 47K its on you. if your a margin trader i suggest you to prefer 49K.
If we see dump to 42K then everything in on the way we can say.
Road to 77K maybe 88K will be placed.
!!!!THESE ALL MY IDEAS. DO YOUR OWN HOMEWORK AND ANALYSIS THIS IS NOT AN FINANCIAL ADVICE.
GOOD LUCK!! I HOPE YOU CAN MAKE IT.
For me BTC will complete the second ''current'' U shape until 53K resistance. For Daily chart it seems like a litte correction. according to that we may see more dump to 42K. If 42k passed, more dump also expected.
My idea is:
TP1: 53600
TP2: 55555
SL:49K or 47K its on you. if your a margin trader i suggest you to prefer 49K.
If we see dump to 42K then everything in on the way we can say.
Road to 77K maybe 88K will be placed.
!!!!THESE ALL MY IDEAS. DO YOUR OWN HOMEWORK AND ANALYSIS THIS IS NOT AN FINANCIAL ADVICE.
GOOD LUCK!! I HOPE YOU CAN MAKE IT.
