BTC in-depth analysis
MA-135 in DAY chart is proving to be very
strong support for long time,
and whenever it's broken it proves bad news
current support at 45600
if BTC falls and closes the day below it will bring bad news for all bulls.
Condition 1
I am hoping to see a retest of 49K and go for a range
then rise till 70K, If the trendline is broken above we can see a steep rise.
Condition 2
If it falls below 45500 and closes the day below it can fall till 35K
I am still bullish in BTC RSI is indicating it should go up.
But we need more buy volume, but BTC is out of exchanges.
There is no clear picture.
Best buy zone below 49K add slowly till 46K
SL 42.5 K
T1- 52,5
T2 - 55
T3 - 61.5
T4 - 70
PS- This is just Technical analysis and not financial advice
Please do your own research before investing.
MA-135 in DAY chart is proving to be very
strong support for long time,
and whenever it's broken it proves bad news
current support at 45600
if BTC falls and closes the day below it will bring bad news for all bulls.
Condition 1
I am hoping to see a retest of 49K and go for a range
then rise till 70K, If the trendline is broken above we can see a steep rise.
Condition 2
If it falls below 45500 and closes the day below it can fall till 35K
I am still bullish in BTC RSI is indicating it should go up.
But we need more buy volume, but BTC is out of exchanges.
There is no clear picture.
Best buy zone below 49K add slowly till 46K
SL 42.5 K
T1- 52,5
T2 - 55
T3 - 61.5
T4 - 70
PS- This is just Technical analysis and not financial advice
Please do your own research before investing.