Bitcoin Roadmap
Hello Friends.
In this TV Idea I will try to sketch out a roadmap for bitcoin in the coming weeks and months.
Immediate Support & Resistance:
Support: 28.1K – 28.6K
Resistance: 29.75K – 30.25K
PA:
Bitcoin completed a successful breakout of an Ascending Triangle. The breakout target is 31,850.
Next Major Milestone:
1. 33K was the Selling Climax point before the first bear market rally / redistribution in January of 2022. Bitcoin needs to break above 33K and flip it to support.
2. A successful S/R flip could lead to 45K which was the previous redistribution range high.
3. Even if we assume a successful S/R flip of the 33K level. It is likely to take months until bitcoin reaches the 45K level.
Invalidation:
1. A daily close below 28.15K.
2. A daily close below 26.5K will strengthen the bearish bias/
In this TV Idea I will try to sketch out a roadmap for bitcoin in the coming weeks and months.
Immediate Support & Resistance:
Support: 28.1K – 28.6K
Resistance: 29.75K – 30.25K
PA:
Bitcoin completed a successful breakout of an Ascending Triangle. The breakout target is 31,850.
Next Major Milestone:
1. 33K was the Selling Climax point before the first bear market rally / redistribution in January of 2022. Bitcoin needs to break above 33K and flip it to support.
2. A successful S/R flip could lead to 45K which was the previous redistribution range high.
3. Even if we assume a successful S/R flip of the 33K level. It is likely to take months until bitcoin reaches the 45K level.
Invalidation:
1. A daily close below 28.15K.
2. A daily close below 26.5K will strengthen the bearish bias/
Trade chiuso: obiettivo raggiunto
Waiting for a pullback
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.