Bitcoin Potential Range scenario (Up to next 2-3months ahead)
Hello crypto community , This the M.A again ,from smartraderclub !
today I'm wanna to have an analysis for btcust, and as you can see bitcoin after losing some important support zone which is already resistance zones , it's trading above a weekly support zone , and in daily pivot zone , so although the overall trend of crypto market is still bearish and if loses the weekly support can reach the lower support lvls , but I think its abnormal if bitcoin go all the way down and loses the current support zone at least without any correction wave after this long impulse bearish movement. and as you can see there is big volume gap between 24.2k -26.3k that should be filled soon!
so in this possible case it could continue the bars pattern given from past wave of btc , and probably can be traded in a such a kind of range phase and this phase can be continued for 2-3 month ahead ! and finally if it reaches the 2 defending trendlines and also the daily resistance zone it can reacts to these resistances , and even continue to fall to lower support zones again !
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
today I'm wanna to have an analysis for btcust, and as you can see bitcoin after losing some important support zone which is already resistance zones , it's trading above a weekly support zone , and in daily pivot zone , so although the overall trend of crypto market is still bearish and if loses the weekly support can reach the lower support lvls , but I think its abnormal if bitcoin go all the way down and loses the current support zone at least without any correction wave after this long impulse bearish movement. and as you can see there is big volume gap between 24.2k -26.3k that should be filled soon!
so in this possible case it could continue the bars pattern given from past wave of btc , and probably can be traded in a such a kind of range phase and this phase can be continued for 2-3 month ahead ! and finally if it reaches the 2 defending trendlines and also the daily resistance zone it can reacts to these resistances , and even continue to fall to lower support zones again !
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
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