BTC WILL SOON GO UP - HERE IS WHY
Hi, looking at the 4-hour chart we can see that BTC is forming a second descending wedge now witch will bring us to the key-support level.
This level at 7600 is important from here we could see a massive uptrend, like we see some days before at the bigger descending wedge.
BTC will touch the third time this massive key-support level (in black) if we broke this level this would be very bearish.
But if we have a run from here that would be bullish, in fact that we forming the second descending wedge now and its technically confirming now this is just logical that we will see an uptrend from here.
BTC had a downtrend/consolidation now for the last month. Who should sell his BTC that we are going to 3000? That is not really logical. The most BEARS selled there BTC before we hit 6 K, if you look at the chart the downtrends (descending wedges) become smaller that means there are not really mutch bears who are selling like the downtrends we seen before.
We arent out of the woods now, before we do not step above the 13 K level we are still in a downtrend/consolidation.
But for the next weeks/months BTC will be bullish.
Thank you and happy trading
This level at 7600 is important from here we could see a massive uptrend, like we see some days before at the bigger descending wedge.
BTC will touch the third time this massive key-support level (in black) if we broke this level this would be very bearish.
But if we have a run from here that would be bullish, in fact that we forming the second descending wedge now and its technically confirming now this is just logical that we will see an uptrend from here.
BTC had a downtrend/consolidation now for the last month. Who should sell his BTC that we are going to 3000? That is not really logical. The most BEARS selled there BTC before we hit 6 K, if you look at the chart the downtrends (descending wedges) become smaller that means there are not really mutch bears who are selling like the downtrends we seen before.
We arent out of the woods now, before we do not step above the 13 K level we are still in a downtrend/consolidation.
But for the next weeks/months BTC will be bullish.
Thank you and happy trading
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.