BITCOIN: retrace and new target at 11600$ (end of May!)
Hi folks.. it seems like total market cap (global) cant cross the 400 billion line and I expect a retrace back to 8300$ BTC levels (short term, next 4 to 5 days). (see the black line and red arrow)
But then again, the retrace is only a retest lower levels to gain traction and needed volume to break trhough the 9.1k barrier thats holding the actual trend down for a few days. Higher target is 11600$ BTC after the double top in february and march. Until then we are in a neutral trend zone. If we pass 11.6k (green arrow) we will probably go into an mid term bull trend with higher targets up to 15'000$.
This short/mid term analysis was made with the latest RSI / Exchange analysis of the top 10 exchanges.
What are your thoughts peeps?
But then again, the retrace is only a retest lower levels to gain traction and needed volume to break trhough the 9.1k barrier thats holding the actual trend down for a few days. Higher target is 11600$ BTC after the double top in february and march. Until then we are in a neutral trend zone. If we pass 11.6k (green arrow) we will probably go into an mid term bull trend with higher targets up to 15'000$.
This short/mid term analysis was made with the latest RSI / Exchange analysis of the top 10 exchanges.
What are your thoughts peeps?
Publikasi terkait
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.