I do not post about BTC often, but if you scroll my posts you will find my levels have been effective. My last post noted that a break of the tan box would likely yield a move back down to the green box. Price did eventually break the tan box an move back down to the green zone. Since touching the green box BTC has bounced 9K. I am a long term holder but like to add to my position at high probability levels.
Price has now broken the downward trendline and is making a move back up to the bottom of the red neutral box. If price can break through the bottom of the box a move back up to the 52k level is likely. If price gets rejected at the bottom of the the neutral look for a move back down to the green box.
Price has now broken the downward trendline and is making a move back up to the bottom of the red neutral box. If price can break through the bottom of the box a move back up to the 52k level is likely. If price gets rejected at the bottom of the the neutral look for a move back down to the green box.
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At the bottom of the red neutral box now. Need to watch for a rejection here. If price can hold above 43700 look for a move to 50K
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Rejecting a bit of the bottom of the neutral. Look for a pull back into the green box. Bulls want to see the green box hold for trend continuation.
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Completed the pull back to the green box. If it can now break 46K good chance for a move up to 52K
