BTCUSD when is going to rest and see some correction ?

14 apr 2021

OK we expect this rise after seeing Ascending triangle that formed and rise was expected and we are looking for more pumping and greater ATH too:

but for now some rest is needed too as you can see the chart ,two strong resistance zone is ahead :

first is the black channel upper side that can mange price to fall like previous time that is shown with Red arrow

second one that is stronger resistance zone that formed due to two reasons
1.red trendline (this trendline is kind of ATH trendline and maybe we see correction once again too with it)
2.major channel upper side that is strong resistance zone too

Targets :
A. 61200
B. 58000

Notice :BTC is really strong and pump and rise can continue like what we mentioned on previous analysis so consider it too

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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14 apr 2021

Nota

great rise ready to rest based on previous analysis ?

14 apr 2021

Nota

correction started ???

let us know in comments and what targets you are looking for ?

16 apr 2021

Trade chiuso: obiettivo raggiunto