The 1D scale chart below shows the Bitcoin price cross the UPR trend line after the G20 meeting. Then, now is the time to start the bullish market?
I'm so sorry but I believe that we can call it as a 'bullish market' after long term trend line (1D Hyman Minsky, Orange) (in price, over $12,000)
In detailed view(4H) as below, there are some reasons that we can expect the Bitcoin price will be up in short term.
ⓐ $ 8,476 is the 38.2% of the fibonancci level of recent movement.
ⓑ $ 8,400 ~ 8,600 level can be a supporting line ( past volume)
ⓒ The 1D trend line (red) can be a supporting line
All thing considered, the Bitcoin price can be expected going up in short term.
- 1st target price : $ 9,300
- 2nd target price : $ 9,600
- But, if it down below $8,400, we should think about deeper drop. (I'm gonna sell !)
This is only my individual opinion. It should not be considered financial or investment advice of any kind.
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Reply or any opinions are always welcome!
Thank you
You have a minor typo in the following sentence:
it should be believe instead of belive.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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