Hi All,
Hope all your trades are going well, avoid all the noise and focus on what really matters: Support & Resistance.
BTC has had a couple of rallies this past two weeks.
Should BTCUSD close the 4180 on the weekly, then we can expect 5000 if the Volume picks up.
However, if BTCUSD close below 3600 we should expect to go down 2500, worst case 1500
However I think 1500 is highly unlikely but who knows, these are just estimations.
Still bearish until BTC closes above 6100 on the weekly.
Bearish Outlook: BTCUSD for the next couple of weeks or month
Target#1 3600 if the support can not hold
Target#2 3450 if the support can not hold
Target#3 3150 if the support can not hold
Target#4 3000 if the support can not hold
Target#5 2700 if the support can not hold
Target#6 2500 if the support can not hold
I ask of you all to wait for confirmation before entering this trade.
Await confirmation, it will be worth it, 1-2 weeks or maybe a month not really sure.
Hopefully this helps someone out there.
Hope all your trades are going well, avoid all the noise and focus on what really matters: Support & Resistance.
BTC has had a couple of rallies this past two weeks.
Should BTCUSD close the 4180 on the weekly, then we can expect 5000 if the Volume picks up.
However, if BTCUSD close below 3600 we should expect to go down 2500, worst case 1500
However I think 1500 is highly unlikely but who knows, these are just estimations.
Still bearish until BTC closes above 6100 on the weekly.
Bearish Outlook: BTCUSD for the next couple of weeks or month
Target#1 3600 if the support can not hold
Target#2 3450 if the support can not hold
Target#3 3150 if the support can not hold
Target#4 3000 if the support can not hold
Target#5 2700 if the support can not hold
Target#6 2500 if the support can not hold
I ask of you all to wait for confirmation before entering this trade.
Await confirmation, it will be worth it, 1-2 weeks or maybe a month not really sure.
Hopefully this helps someone out there.
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