These are just my specific targets based on TA.
Target 1 is the first bar of support from the bulls, You can expect some resistance at this level. I will be buying here, hodling, and then selling at the peak arrow, aiming for target 2.
BTC is looking like going to 50 to 60% retracement to $8462 if not under that next support could go to is $5400 before it goes into bullish up to $16400 in the next few weeks.
expecting big bull on sunday the 30th of june and so on.
this is my expectations.
Now you might think I'm a little crazy... well your wrong I'm a lot crazy ;p
We can see price is at a strong resistance level and we are expecting price to bounce off this level and make bearish movement down to our TP and support zone before bouncing off this and making bullish movement up to that 10000 mark I mentioned a few posts ago... your welcome.
Bitcoin is showing some bearish momentum with potential to move down to $7128. If price does move to this price point, we may see price even trade lower after a retracement.
SL - 8118.16
TP 1- 7128.57
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BTC needs to correct the previous huge movement to catch up with the orders.
Patience in this zone is crucial.
Ideal scenario with the trading setup.
NEVER FOLLOW THE EXACT INSTRUCTIONS - > Do your Own technical analysis (this is just an idea to follow).
looking at history we have to drop in to that zone on the top of the lower historical trend
one this is clear, we wont get a bull run this year, we may bot get a bull run for 18 months, but we might get an up and down sideways between 5 and 3
a drop to 2k is not out of the question soon, id be shocked but not surprised.
the volume is low.
if the S&P 500...
BTC shorts have continued sinking toward the lows of a daily demand zone, whilst BTC price itself has failed to make much reverse-correlated movement in turn.
This means that the recent BTC trend channel break was a fakeout and BTC is heading to new lows around $3300 within the next month or so.