I really enjoyed watching my previous published idea for BTCUSD. As you can see the price moved exactly as I was expecting.
Now for this week, we have a lot to say like we broke the historical top and it was amazing that it happened like 3 years ago.
Last week, the resistance level @20040.00 was broken and made a new top @23760
A new resistance level is now...
As i was expected uptrend is still developing.
There is no sign of changing it and a flag pattern is forming.
We may have a retracement to the uptrend line or to the support level of 23% Fibonacci retracement . and after that resumption of uptrend is expected.
We are in a downward trend. And the pattern of the descending triangle is definitely formed.
If price support levels are broken, it is a good opportunity to sell.
You can sell when the first or second support breaks. And expect to achieve the set goals.
In general, we are in a downtrend.
The price climbed to the height of the second peak to breathe, and now, after breaking the uptrend line, it will continue falling to the target 1.
There is also the possibility of forming a triangle pattern. In this case, with the failure of the support that is the first target, it descends to the next level of supports, which...
The general trend of the market is uptrend, but considering this fact that the price for breathing will drop to the offered depth after breaking of the uptrend, so I will buy in the buy zone and expect to ascend to the set targets.