BTC exactly followed my last analysis, all the factors were bullish and BTC broke the falling wedge to the upside and accumulated exactly at the key zone which I mentioned(purple zone) around 49k.
what's next?
Well everything seems positive as of now, but market never fails to amuse us. The possibility which I see is depicted on my chart.
A bull flag pattern, breakout upside will directly take us to the 53k-53.5k zone or even above till 55.5k.
Break of both long term trendline i.e. Blue and Red is important for sustaining above this current zone.
Breakout from blue trendline is very important for BTC or else we can go down till 49k after testing the trendline.
Until BTC is above the ichimoku cloud which is also around 49k, market's bias is positive.
Use trailing S.L , don't go overleverage.
Do see my previous analysis(linked on the chart)
what's next?
Well everything seems positive as of now, but market never fails to amuse us. The possibility which I see is depicted on my chart.
A bull flag pattern, breakout upside will directly take us to the 53k-53.5k zone or even above till 55.5k.
Break of both long term trendline i.e. Blue and Red is important for sustaining above this current zone.
Breakout from blue trendline is very important for BTC or else we can go down till 49k after testing the trendline.
Until BTC is above the ichimoku cloud which is also around 49k, market's bias is positive.
Use trailing S.L , don't go overleverage.
Do see my previous analysis(linked on the chart)
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