We are looking for consolidation/rejection at the $3000 mark, look for candle reversals and difficulty passing through this level, if $3000 is broken and we have a full candle close below we can expect seeing $2500 in the near future again looking for reversal signal at this strong psychological level.
IF WE BREAK $2500 we would be at our last resort the $2000 mark which I believe is the absolute rock bottom for Bitcoin, if we break $2000 there will be grim future for Bitcoin, but that is highly unlikely! Please take this information and observe the market, I will regularly update my analysis on BTC/USD and share my thoughts on reversal areas, thank you!
IF WE BREAK $2500 we would be at our last resort the $2000 mark which I believe is the absolute rock bottom for Bitcoin, if we break $2000 there will be grim future for Bitcoin, but that is highly unlikely! Please take this information and observe the market, I will regularly update my analysis on BTC/USD and share my thoughts on reversal areas, thank you!
Trade active:
We are getting our bounce that we expected at $3000! It is an even stronger bounce than previously expected, as of now I am a break and close above our last support turned resistance zone @ $3750. If we get that break and close we could be looking at a possible DAILY bullish engulfing candle, which to me would signal a retest and possible break of $5000, I will continue to update! Thank you
Trade closed: target reached:
66%+ RETURN! I hope everyone benefited from this trade! Very simple and clean, very excited about breaking $5000 per Bitcoin!! New analysis coming soon once price settles! Thank you and happy trading!