is it possible to get above 60k again ?
hello guys
I wanted to keep the chart simple and I know we have a lot of resistance in our way.
if you look at the channel, we had 2 perfect bounces, and last time the price reached the top of the channel.
I'm not talking about a week, this is a long-term vision.
maybe we get a test on 39 - 40k in the coming days or maybe we just see consolidation above 40k.
why do I think this channel can be accurate ?
because if you look at the middle of the channel it's around 52 - 53k, which is important to break that level!
we need something like this path to reach 60k.
......
this is Bollinger band + MACD
we will touch the middle line soon or later (if I remember correctly it's 21 SMA or MA ).
if you look at the picture, we had 1 false breakout like last time + divergence on MACD and buy signal on MACD as well.
I remember when BTC was around 28 29k , the people were bearish and looking for 25k and 20k. people waited for 30k this time and it didn't happen as well!
the time will tell us it was bottom or not.
please share your idea with me and let me know what do you think about it !!!
.....
do your own research !
it's not financial advice.
take care and don't use high leverage, please :)
I wanted to keep the chart simple and I know we have a lot of resistance in our way.
if you look at the channel, we had 2 perfect bounces, and last time the price reached the top of the channel.
I'm not talking about a week, this is a long-term vision.
maybe we get a test on 39 - 40k in the coming days or maybe we just see consolidation above 40k.
why do I think this channel can be accurate ?
because if you look at the middle of the channel it's around 52 - 53k, which is important to break that level!
we need something like this path to reach 60k.
......
this is Bollinger band + MACD
we will touch the middle line soon or later (if I remember correctly it's 21 SMA or MA ).
if you look at the picture, we had 1 false breakout like last time + divergence on MACD and buy signal on MACD as well.
I remember when BTC was around 28 29k , the people were bearish and looking for 25k and 20k. people waited for 30k this time and it didn't happen as well!
the time will tell us it was bottom or not.
please share your idea with me and let me know what do you think about it !!!
.....
do your own research !
it's not financial advice.
take care and don't use high leverage, please :)
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