BTC has found support on the 200 DMA (at approx. $46.7k), 34 W-EMA (at approx. $48.8k) and 50 weekly SMA (at approx. $47.4k) which is a very good sign for the short & intermediate term. It looks like a completed wave 4 correction with an aggressive C-wave which wicked down to $43 and that wave 1 of superordinate wave 5 has now started.
Also oscillators on the 1D time-frames show green lights. Also some oscillators on the 3D TF begin to turn bullish again :-)
BTC price targets:
TP1: $52.8k
TP2: $54.2k
TP3: $57.5k
TP4: $59.2k
SL: $42.7k
Disclaimer!
I´m not a financial adviser. For educational purpose only!
You can use the information from the post to make your own trading decisions.
Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Also oscillators on the 1D time-frames show green lights. Also some oscillators on the 3D TF begin to turn bullish again :-)
BTC price targets:
TP1: $52.8k
TP2: $54.2k
TP3: $57.5k
TP4: $59.2k
SL: $42.7k
Disclaimer!
I´m not a financial adviser. For educational purpose only!
You can use the information from the post to make your own trading decisions.
Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Crypto and blockchain enthusiast
www.investingcrypto.online
www.investingcrypto.online
