BTC - Day update after the breakout - BTC processing for 42600+
Hello trading friends,
After the breakout of 40400, as adding here before into this chart.
Bitcoin looks to process to new maintrend target of 42600+
There is still postive trend on BTC until the 39K, on this point we can get a new trend level, as long we dont hit this target, there is no reason even to look to small time frame on btc for breakdown trend.
And as the most know that follow ETN tool - BTC have green cycle trend and depending on ETN trend BTC expecting trend are 48K - since the trend below
For now its important that btc stays stable and same time with time frame increase to next maintrend level 42600+
Have a great day.
After the breakout of 40400, as adding here before into this chart.
Bitcoin looks to process to new maintrend target of 42600+
There is still postive trend on BTC until the 39K, on this point we can get a new trend level, as long we dont hit this target, there is no reason even to look to small time frame on btc for breakdown trend.
And as the most know that follow ETN tool - BTC have green cycle trend and depending on ETN trend BTC expecting trend are 48K - since the trend below
For now its important that btc stays stable and same time with time frame increase to next maintrend level 42600+
Have a great day.
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