Small timescale but 50k range would be the target. Bull flag just broke out to the upside after that fakout earlier.
I strongly believe market is going to bounce here. 30k is a logical local bottom as psychological resistance, target of Head and Shoulders measured move on daily timeframe, Fib node and 300 moving average convergence point. Also noticed news narrative (and Elon's tweets) switch to bullish again so market sentiment might be changing too.
I strongly believe market is going to bounce here. 30k is a logical local bottom as psychological resistance, target of Head and Shoulders measured move on daily timeframe, Fib node and 300 moving average convergence point. Also noticed news narrative (and Elon's tweets) switch to bullish again so market sentiment might be changing too.