The first green September in 10 years
In my last post, I made the case of Bitcoin going to 21k. In this analysis, I want to question that theory.
TLDR: I am questiong my last analyses of Bitcoin going to 21k, based on the current price action.
After the breakout of the support/resistance zone, I was certain 21k was confirmed. However, the next day, an engulfing bullish candle was formed. This did not had to lead to a new theory, but the price kept on rising.
I set 2 conditions for myself as to when to switch my opinion:
1: Bitcoin has to break the current resistance zone (condition has been met today)
2: Bitcoin has to touch the second resistance zone, and come back to the old zone, making it new support.
As the first condition has been met, I see it less likely for Bitcoin to reach 21k. I think the new confirmation should be: If Bitcoin breaks the resistance line it is touching right now, then 21k is off the table, and we will see our first green September in 10 years.
TLDR: I am questiong my last analyses of Bitcoin going to 21k, based on the current price action.
After the breakout of the support/resistance zone, I was certain 21k was confirmed. However, the next day, an engulfing bullish candle was formed. This did not had to lead to a new theory, but the price kept on rising.
I set 2 conditions for myself as to when to switch my opinion:
1: Bitcoin has to break the current resistance zone (condition has been met today)
2: Bitcoin has to touch the second resistance zone, and come back to the old zone, making it new support.
As the first condition has been met, I see it less likely for Bitcoin to reach 21k. I think the new confirmation should be: If Bitcoin breaks the resistance line it is touching right now, then 21k is off the table, and we will see our first green September in 10 years.
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.