BTC Update

30 paź

This is an update for its next move as long as it stays above the Zero Line $70545 the move is higher but if it is breached and doesn't climb back above it then we go to the low 68k and once it gets there we take another look but remember this is just the 1hr tf meaning that as long as the 4hrs and Daily are in Bullish mode every drop on the 1 hrs tf should be to print a higher low so even if it drops to the low 68k it will be taken as a higher low because the absolute low for this spike in price is the $65260 and we don't want to see Bitcoin breaking that low. . We'll see in about 2 more days where this move will take us next. That's my take. take care everyone.

1 lis

Uwaga

Looking at price action and volatility and based on the 1hr tf we can say for sure that move still has power left to take price lower cause that bounce to $71600 and then retrace all of it is a clear sign of the 4hrs Bullish Cycle weakness so my take is that for the next 4 days from today or we enter into a trading range or Bitcoin keeps printing lower lows. The next supports are $68075 and the critical point of $6526 so buckle up ladies and gentlemen cause we're going for a wild ride again.