BITCOIN COULD BOUNCE | 4-7% TARGET LONG

Sorry reupload, need to clean the chart from indicators.

I'm not gonna explain the detail, just give you the scenes.
Let's start it
I was planning to change the setup but 17k level movement said "not yet", so here i'm still in long scenario.

Scene 1 :
if we have good close above 16.750 area it's possibly that we can go up to 17.400

Scene 2 :
if we have good break below the mid channel (violet line) it's possibly we would bounce from support (white dot) to 17.500

Anyway i'm more concern with scene 2

This is not financial advice, this is an idea that could help you to see a possibility on another view.
Always becarefull and keep on your own analysis.

Lately i was thinking about Binance about you know.., i love Binance anyway.
~Sinn
17'/12/"22 9:10 (UTC +7)

Comment:

Take a really long time to consolidate but yes yesterday is sunday.
Base on this idea, Bitcoin is now moving bellow violet line (it's confirm on 21 PM UTC +7 time, but..
there's just small volume so now it's identify as support area.

Bitcoin need clear movement on this.
Clear break bellow 16.6k or above 16.8k
Lets wait

Comment:

.
I'M ADDING ONE MORE SUPPORT AREA ON 16K LEVEL

Comment:

.
Such a very long time to wait.
As you see today Bitcoin touching the support and break bellow bottom channel
I didn't buy yet uless it have good close above orange line as you see in the chart, because we got rejection bellow violet line.

The next support if Bitcoin didn't break orange line again is 16k