Do we have an accumulation? But prices ask for correction!
-A quick look at the current situation of BTC prices according to graphical analysis!
-Moderate upward monthly bias. First target at $29,187K successfully hit. Other targets: $34,421K (if not broken back to test 20.7K) and, finally, $37,655K (FIBO golden region) and region of second previous lost bottom.
-The bias of the weekly chart is bullish, however, the SETUP used is showing weakness, and that prices need to retreat to make a “pull back” in the region of 24K, top and pivot point of the most recent price rise ( 20%).
-On the daily chart, the so-called long average held prices and served as a springboard, where the “bulls” took advantage of the situation and pushed prices to the previous bottom, at 28.8K. At the moment, SETUP shows complete bullish weakness, suggesting that prices will have to correct. Do we have a continuation accumulation? But how can it be, if prices are faltering?
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic reviews!
-Moderate upward monthly bias. First target at $29,187K successfully hit. Other targets: $34,421K (if not broken back to test 20.7K) and, finally, $37,655K (FIBO golden region) and region of second previous lost bottom.
-The bias of the weekly chart is bullish, however, the SETUP used is showing weakness, and that prices need to retreat to make a “pull back” in the region of 24K, top and pivot point of the most recent price rise ( 20%).
-On the daily chart, the so-called long average held prices and served as a springboard, where the “bulls” took advantage of the situation and pushed prices to the previous bottom, at 28.8K. At the moment, SETUP shows complete bullish weakness, suggesting that prices will have to correct. Do we have a continuation accumulation? But how can it be, if prices are faltering?
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic reviews!
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