Just exploring some possibilities on the weekly time frame for the next 90 days.
Hopefully it wont go down to 20k but everything is possible.
Trade safe.
Just an idea for a small 2.03 risk/reward long trade by the end of this month.
Daily EMA 50 acting as a support. Resistance at 1.93. Possibility to gain a 18% on this one if BTC price keeps going up as in the idea.
BTC price successfully creating higher highs and higher lows confirming/testing an up trend.
Price will test resistance again at 39.32k but if up trend is strong enough to break it and create a new higher high, price will test resistance at 42k, near the daily 200 EMA.
(Work in progress)
After rejecting support at 25.20 the price broke the secondary uptrend line and price is now below EMA 50.
1) Bullish hammer candle, possible downtrend reversal at 25.00 - 24.45 and bounce until price reaches around 29.00
2) but if price falls below, then is a bearish continuation and price will test at 23.66, close to the EMA 200. Price...
