IMAO, BTCUSD is very bullish from the beginning of its history.
It still makes HH & it's just making some correction for the 3rd jump, I think.
But, my bottom is quite below than that of moonbois though.
Anyway, BTCUSD is trying to breakout 13K with quite a lot efforts.
But, as you see there are many resistance at this area.
long-term & short-term Fibo channel's support & resistance lines meet at this area.(see the Box)
Even though, I'm a short-term bear, this area is quite good for the bulls.
BTCUSD is supported by the long-term upward Fibo channel 1 from the bottom.
And it is supported by the mid-term downward Fibo channel 1 from the ATH.
It's real good signal for the moonbois.
But, BTCUSD is facing some significant resistance at this area from its long/short-term resistance line also.
Many guys are saying that BTCUSD should breakout 13K, 14K or even 15K for the bull market.
But IMAO, BTCUSD should have to breakout USD 209XX, cause long-term Fibo channel 1.236 is just over there.
Before we conquor the ATH, it's rather early to say that we are on the bullish market again.
IMAO, 13~19K is not that important zone to confirm the long-term bullish market. BTCUSD's next target for the monnbois should be over the ATH.
Take your own risk & get some money
Good luck
It still makes HH & it's just making some correction for the 3rd jump, I think.
But, my bottom is quite below than that of moonbois though.
Anyway, BTCUSD is trying to breakout 13K with quite a lot efforts.
But, as you see there are many resistance at this area.
long-term & short-term Fibo channel's support & resistance lines meet at this area.(see the Box)
Even though, I'm a short-term bear, this area is quite good for the bulls.
BTCUSD is supported by the long-term upward Fibo channel 1 from the bottom.
And it is supported by the mid-term downward Fibo channel 1 from the ATH.
It's real good signal for the moonbois.
But, BTCUSD is facing some significant resistance at this area from its long/short-term resistance line also.
Many guys are saying that BTCUSD should breakout 13K, 14K or even 15K for the bull market.
But IMAO, BTCUSD should have to breakout USD 209XX, cause long-term Fibo channel 1.236 is just over there.
Before we conquor the ATH, it's rather early to say that we are on the bullish market again.
IMAO, 13~19K is not that important zone to confirm the long-term bullish market. BTCUSD's next target for the monnbois should be over the ATH.
Take your own risk & get some money
Good luck
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