BTCUSD Is it possible 20k again ? Lets check daily chart...
Hello,
I know, I know I am risking myself to bulls, especially to those who have made purchases well above 30k (although probably not only).
Let me just remind you that my bullish attitude reaches prices well above the last highs, and it is always worth having PLAN B
After breaking above 20k, we didn't really have any retest from higher TF.
After breaking 30k and a strong continuation of gains, a quick correction brought us back to 30k.
This time bulls were able to hold 30k
The latest bounce did not move through the previous highs and perhaps a 30k retest is underway again.
There is a chance for another bounce, which % wise will be close to the first (see chart) ...
And then possibly a drop below 30k under its own weight, and its size will be close to the biggest move after breaking 30k (see chart), which can easily lead us to the area of 20k.
Possible shorts only after the second raise (failure under latest highs ) :)), and then breakdown below 30k at the end of the day
Good luck
I know, I know I am risking myself to bulls, especially to those who have made purchases well above 30k (although probably not only).
Let me just remind you that my bullish attitude reaches prices well above the last highs, and it is always worth having PLAN B
After breaking above 20k, we didn't really have any retest from higher TF.
After breaking 30k and a strong continuation of gains, a quick correction brought us back to 30k.
This time bulls were able to hold 30k
The latest bounce did not move through the previous highs and perhaps a 30k retest is underway again.
There is a chance for another bounce, which % wise will be close to the first (see chart) ...
And then possibly a drop below 30k under its own weight, and its size will be close to the biggest move after breaking 30k (see chart), which can easily lead us to the area of 20k.
Possible shorts only after the second raise (failure under latest highs ) :)), and then breakdown below 30k at the end of the day
Good luck