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Let´s take a look on the Chart - weekly timeframe
The week 01 of 2021 started with a pullback to near 27.700$ and jumped instantly back to our previous levels. That shows us the strength of the buying-power and is a bullish Indicator for the remaining week.
Today, with the middle of the week, BTC starts with a price around 35.000$. The next Goal is the R2 Pivot level (36.548$)
Bullish Szenario:
Over this day and the next day we'll see a crossing of R2 Pivot level (36.548$) and hold the price around this level before rising again.
If we going on with the parabolic weekly increase, maybe we'll see a large green candle straight to the R3 Pivot level (46.386$).
Targets:
First - 36.548$
Second - 46.386$
Bearish Szenario:
On the other hand we could see a rejection at the level around 36K - and a fall back to end of the candle wick near 27K through the R1 Level 30.470$.
To get information about a possible reversal Signal we have to look in shorter Timeframes (like Daily, 4Hrs).
Targets:
First - 30.470$
Second - 27.700$
Third - around MA 10 - near 23K
Thanks for your attention and feel free for contacting us !
Greeting,
Team of Cryptodailynews
-------------------------------------------------
Disclaimer:
This Ideas and Analyses are just ours specific view of things- no informations are financial advices. Keep that in mind.
New start - Cryptodailynews start sharing News, Analyses and more through Tradingview.
Let´s take a look on the Chart - weekly timeframe
The week 01 of 2021 started with a pullback to near 27.700$ and jumped instantly back to our previous levels. That shows us the strength of the buying-power and is a bullish Indicator for the remaining week.
Today, with the middle of the week, BTC starts with a price around 35.000$. The next Goal is the R2 Pivot level (36.548$)
Bullish Szenario:
Over this day and the next day we'll see a crossing of R2 Pivot level (36.548$) and hold the price around this level before rising again.
If we going on with the parabolic weekly increase, maybe we'll see a large green candle straight to the R3 Pivot level (46.386$).
Targets:
First - 36.548$
Second - 46.386$
Bearish Szenario:
On the other hand we could see a rejection at the level around 36K - and a fall back to end of the candle wick near 27K through the R1 Level 30.470$.
To get information about a possible reversal Signal we have to look in shorter Timeframes (like Daily, 4Hrs).
Targets:
First - 30.470$
Second - 27.700$
Third - around MA 10 - near 23K
Thanks for your attention and feel free for contacting us !
Greeting,
Team of Cryptodailynews
-------------------------------------------------
Disclaimer:
This Ideas and Analyses are just ours specific view of things- no informations are financial advices. Keep that in mind.