BTC/USD Trendline Analysis. Will the Bitcoin touch 18000 again?
On 1 february we drew 2 trendline preally close to eachother. On the first of April, the support trendline was hit at a price around 4000 dollars. From the first of April, the price went all the way up to Around 14000. On the first of June the price hit the resistance trend line at a price of around 12000 dollars. The trendangle of uptrend from 4000 dollars to 14000 dollars is 68 degrees. Then we had a retracement of around 38.2%,(and it looks like the 38.2% held) where the price went from around 12000 dollars to around 10000 dollars.
Now, will the price be in an uptrend again with an 68 degrees angle and will it touch 18000 dollars again?
BUY: 14000
T/P: 18000
S/L: 12000
Risk Reward Ratio: 2
PS: I’m only 14 y/o and this is my first trend analysis that I publish. Is something is not clear for you or if you have some tips for me, feel free to let me know!
Now, will the price be in an uptrend again with an 68 degrees angle and will it touch 18000 dollars again?
BUY: 14000
T/P: 18000
S/L: 12000
Risk Reward Ratio: 2
PS: I’m only 14 y/o and this is my first trend analysis that I publish. Is something is not clear for you or if you have some tips for me, feel free to let me know!