". There is a possibility of temporary retracement to the suggested support line (34180).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Having proved great support in our green zone on the way down, the way looks clear for BTCUSD to continue its bull run for new price discovery much higher.
BTC USD Has been on a monster run since the new year and 2021 looks like thing will continue that way. BTC/USD has plenty of room higher.
We prefer to add to our positions on pullbacks ideally our purple...
This is looking really good rally. Smash through $11,600 next. Looking to see at least two more Williams arrows either one down and one up, or two up like earlier rallies to get there or beyond. Back check it for yourselves.
Just thought I would update my earlier charts add some more arrows and what happened last time just in case price heads back down to a key Bollinger point for me just below $10,100, but trend line still good. No worries.
Looks like based on last years support and resistance arrows if the market now consolidates nicely over $10,600 it hould go higher other wise next stop down will be the 20 MA and then failing that then it will be back below $10,000 and as low as $9,400. Enjoy !
In bitcoins history we have seen many 1,2,3,4,5 elliott waves play out and double bottom in between waves therefore potentially buying the dip now can reward you very nicely, have a stop loss set below the neckline in case we start seeing more bearish movement