Here we have BTC/USD on the 1H chart.
BTC/USD had a correction move, after completing a move up to the first target at 19380, which I predicted in my previous analysis and we got the move (See my related ideas for details of this analysis)
After the correction, it appears BTC/USD is ready for a new up move. After price hit a Fibonacci key retracement at 18910, price began to show reversal . The are showing a change of command from the bears to the bulls, and I believe the bulls have captured this move.
I am expecting an up move up to the upside target level of 21000. I achieved this target by calculating the previous bull impulse leg, and then replicating a measure move, thus having a target zone.
I will be updating this analysis if it exceeds 40 likes.
Want to make sure there are lots of people online when I update my content, as it takes many hours of my time to create these analysis!
See my profile page for my latest BTC/USD analysis!!!
My new post is an update of this analysis, and shows the ideal areas for a buy opportunity.
I want to make sure there's a lot of traffic on the site before I post the realtime update. :)
I want to make sure there's a lot of traffic online to see my latest BTC/USD update!!
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If it breaks the second lower support zone on my chart, I will of course reconsider my analysis.