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BUY Bitcoin 4600-5400 Dips
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5400-5575 is Multi Month Horizontal Support
5000 is psychological round number support
4200-4780 Areas has Multiple Horizontal Support Areas
4553 is 100 Week MA moving Up every week
4575 Multi Week Trendline is also moving up
so Essentially this down-leg has to stop 4500-5400 Area as per previous forecast. Buy into this zone on the first signs of strength
50 Week MA is the 1st Target. Expect a Full Retracement back to this zone after we bounce to 50 Week MA Area
Yes most likely we drop one more time after we bounce from 4500-5400 towards 7900-8500 area
Market will be extremely slow for most part except few big days
5400-5575 is Multi Month Horizontal Support
5000 is psychological round number support
4200-4780 Areas has Multiple Horizontal Support Areas
4553 is 100 Week MA moving Up every week
4575 Multi Week Trendline is also moving up
so Essentially this down-leg has to stop 4500-5400 Area as per previous forecast. Buy into this zone on the first signs of strength
50 Week MA is the 1st Target. Expect a Full Retracement back to this zone after we bounce to 50 Week MA Area
Yes most likely we drop one more time after we bounce from 4500-5400 towards 7900-8500 area
Market will be extremely slow for most part except few big days
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Twitter @tradingroomapp
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