Hello, this is the continuation of last analysis of BTC current bull run, i corrected lower trend line a little bit and update resistances and support zones.
This was last post of previous analysis:
this analysis was made using:
BTC/USDT Binance Chart, 4H Time Frame
As you can see we are right now in the lower zone of the trend, even we have a confirmed bounce (last red circle) price have a lot of resistance ahead to get back to upper zone of the trend (medium yellow line).
PRICE NEED TO BREAKS RESISTANCE ZONE 0 to resume upper trend.
Exterior bold yellow lines marks the support and resistance for general trend since its start around 29K (July 20), as long as the price stays in the middle of these lines we can consider BTC is still in a bull run.
Green Zones are future Resistance Zones.
First thoughts of this analysis put the price at 70-80k zone on the end of December and Start of January.
I will update this as the price evolve with time.
Trade Safe.
Regards.
This was last post of previous analysis:
this analysis was made using:
- Andrews Pitchfork
- Modified Fibonacci Retracement
- Volume Profile Session Volume
- Volume Profile Visible Range
- Monthly VWAP
BTC/USDT Binance Chart, 4H Time Frame
As you can see we are right now in the lower zone of the trend, even we have a confirmed bounce (last red circle) price have a lot of resistance ahead to get back to upper zone of the trend (medium yellow line).
PRICE NEED TO BREAKS RESISTANCE ZONE 0 to resume upper trend.
Exterior bold yellow lines marks the support and resistance for general trend since its start around 29K (July 20), as long as the price stays in the middle of these lines we can consider BTC is still in a bull run.
Green Zones are future Resistance Zones.
First thoughts of this analysis put the price at 70-80k zone on the end of December and Start of January.
I will update this as the price evolve with time.
Trade Safe.
Regards.
