Another follow up analysis of Bitcoin! Price is moving perfectly with our previous Bitcoin analysis! In our previous analysis, we predicted the bearish flag was about to happen, then we predicted support levels where the buy could take place! So we have perfectly predicted Bitcoin's movement! Now we've perfectly gaged the down move, I have zoomed out to the daily chart to show the levels of where Bitcoin is trapped between, to give us the successful buy we deserve for being so patient!
Swiftly moving on to the analysis, Bitcoin on the daily chart is trading at our previously predicted support zone between 6600 and 6420 and is comfortably sitting within this zone. I am now watching Bitcoin's movement very carefully within this zone to see if candles can show a reversal so I can be a buyer!
There's a short term lower horizontal support zone between 6050 and 5900 which will be Bitcoins next bounce level if the current support level fails. If this support also fails, there is a lower structure support between 4680 and 3990.
Bare in mind if we hit the secondary support zone at 6050 and 5900, or the lowest support zone at 4680 and 3990, then price is likely to rise, but only up to the first horizontal support zone between 6600 and 6420, as this level would likely become resistance as it coincides with side-wards resistance as well.
I will continue to update this analysis if enough people request it.
Please leave a LIKE and follow, these are the reason I take my time to post my analysis!
Swiftly moving on to the analysis, Bitcoin on the daily chart is trading at our previously predicted support zone between 6600 and 6420 and is comfortably sitting within this zone. I am now watching Bitcoin's movement very carefully within this zone to see if candles can show a reversal so I can be a buyer!
There's a short term lower horizontal support zone between 6050 and 5900 which will be Bitcoins next bounce level if the current support level fails. If this support also fails, there is a lower structure support between 4680 and 3990.
Bare in mind if we hit the secondary support zone at 6050 and 5900, or the lowest support zone at 4680 and 3990, then price is likely to rise, but only up to the first horizontal support zone between 6600 and 6420, as this level would likely become resistance as it coincides with side-wards resistance as well.
I will continue to update this analysis if enough people request it.
Please leave a LIKE and follow, these are the reason I take my time to post my analysis!
