Btc 1D analysis
Hello Everyone. As you can see the price droped sharply today, just as I mentioned in my previous idea. But what matters is that whats gonna happen.
I have 4 plans for Bitcoin movement:
Plan A:
Price will retrace back to the closest resistance which is around 44800 and then drop to 40000. The plan will be updated as soon as we touch 40000.
Plan B:
Bulls come in with abit more power and lift the price up to around 47100 and drop back to 41000.
Plan C:
Bulls use the exhaustion of Bears and move the price up to the previous swing high and and form a Trading range and then tank it to 37000.
Plan D:
Bulls accumulate enough bitcoins to move the price above 53000. In this case ATH is inevitable.
In my own opinion, Bitcoin Should touch 37000 to gain enough power to resume Bull trend.
NFA
If you liked my idea, please like and follow me, it will encourage me to post more ideas.
I have 4 plans for Bitcoin movement:
Plan A:
Price will retrace back to the closest resistance which is around 44800 and then drop to 40000. The plan will be updated as soon as we touch 40000.
Plan B:
Bulls come in with abit more power and lift the price up to around 47100 and drop back to 41000.
Plan C:
Bulls use the exhaustion of Bears and move the price up to the previous swing high and and form a Trading range and then tank it to 37000.
Plan D:
Bulls accumulate enough bitcoins to move the price above 53000. In this case ATH is inevitable.
In my own opinion, Bitcoin Should touch 37000 to gain enough power to resume Bull trend.
NFA
If you liked my idea, please like and follow me, it will encourage me to post more ideas.
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