BTCUSD ready to break support ?retest previous resistance (41K)?
As we can see BTCUSD is getting weaker and weaker (lower highs near this support = 45K )
Red path :
and when market create lower high near one support that means that market is getting ready to break support and created lower low too.
so 45000$ can easily break and we would expect at least 41000$ for our first target of falling scenario .
Green path :
But we should consider this that if this local resistance and trendline break : price go above 48000 once again and retest complete then we can expect bull market and target would be 51500$ at least
Blue path :previous analysis
here is previous analysis that we expect BTCUSD break channel high and created new high and this analysis is update of that too :
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
this time share your idea about it and lets discuss about it (my opinion is Red path (70% sure ) for now but we can expect some more bull candle before falling ,Green path as you can see )
pervious analysis linked below enjoy
Red path :
and when market create lower high near one support that means that market is getting ready to break support and created lower low too.
so 45000$ can easily break and we would expect at least 41000$ for our first target of falling scenario .
Green path :
But we should consider this that if this local resistance and trendline break : price go above 48000 once again and retest complete then we can expect bull market and target would be 51500$ at least
Blue path :previous analysis
here is previous analysis that we expect BTCUSD break channel high and created new high and this analysis is update of that too :
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
this time share your idea about it and lets discuss about it (my opinion is Red path (70% sure ) for now but we can expect some more bull candle before falling ,Green path as you can see )
pervious analysis linked below enjoy
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