Bitcoin lost a battle
- i made everything simple as i could in the graph :
- So Theking had a big a fight around 58,000$ trying to build a new support but Bears won the Battle, that said, the war not yet finished.
- The Parabolic Arch (Grey Arch) i wrote on my last analysis is broken but BTC is still on his support trend ( in Blue ).
- As you can see in graph we are forming a new clear descending Triangle (Yellow Line)
- The Circle i named " Zone of interest " could be the next possible zone of a breakup.
- Right now have no reason to panic for this retracement.
- imho this bullrun not yet over.
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Trading Plan
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Buy Zone : 55,000$ (50% Retrace )
Rebuy Zone : 50,000$ ( 61.8% Retrace + EMA200 )
Rebuy Zone : 45,000$ ( 78.6% Retrace + EMA300 Support )
Next TP unchanged : 87,000$ ish
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Like always on the up take your gains, and when have a dip, be patient and rebuy at the good time. This is the way for the win.
Happy Tr4Ding !
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older analyse :
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Long term :
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first buy zone reached.
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new analyze here :
