BTC $5500 is next support for a reversal opportunity
Dear all,
Here is the setup I am following on BTC.
Last idea posted, chart was not clear enough, so I did this new post.
I think that like during the first correction from $19,900, we will have a wick downward outside the falling wedge to touch support before breaking upwards.
3 main resistances upwards in case of reversal, they are: $7,200 then $8,200 and finally $9,600.
Chart analysis is based on:
- Fib level
- Chart patterns
- Fractals
- Support & Resistance
- Trendlines
- RSI (IMO the bull div building on the daily needs this one more drop to be strengthened)
I expect reversal to take place in the $5,550 to $5,400 range.
All the Best from the Crypto Space
Alteroc
Here is the setup I am following on BTC.
Last idea posted, chart was not clear enough, so I did this new post.
I think that like during the first correction from $19,900, we will have a wick downward outside the falling wedge to touch support before breaking upwards.
3 main resistances upwards in case of reversal, they are: $7,200 then $8,200 and finally $9,600.
Chart analysis is based on:
- Fib level
- Chart patterns
- Fractals
- Support & Resistance
- Trendlines
- RSI (IMO the bull div building on the daily needs this one more drop to be strengthened)
I expect reversal to take place in the $5,550 to $5,400 range.
All the Best from the Crypto Space
Alteroc
Trade aktif:
Please check the new update on BTC.
Reversal can also happen sooner at the $5600 area +/- $150.
Reversal can also happen sooner at the $5600 area +/- $150.
Weekly chart is interesting.
Looking at the curve a retest of $5,800 is likely. $5,400 is less probable.