We are no where near reversal yet!
Hello my friends.
Happy New Year to all of you.
Magic Area : $40546.53 - $41522.16
BEARISH CASE :
Meaning : Closing daily below $40546.53 bitcoin will suffer further
Next stop in case we close below $40546.53 : $35912.27 - $36643.99
That's will be my last bullish support.
Below $35912.27 we have bear ERA in my opinion and i will not surprise to see prices between 13k - 16k for Bitcoin.
BULLISH CASE:
As we mentioned many times, bitcoin to change trend needed to create new high high. This is the signal that will
indicates trend reversal. To happen this, we need to see Bitcoin to break and find support above the Main Resistance
Area we are mentioning in our chart. Without New Higher High we are no where near to a reversal.
Your comments are appreciated.
Have a nice day and good luck with your choices.
Happy New Year to all of you.
Magic Area : $40546.53 - $41522.16
BEARISH CASE :
Meaning : Closing daily below $40546.53 bitcoin will suffer further
Next stop in case we close below $40546.53 : $35912.27 - $36643.99
That's will be my last bullish support.
Below $35912.27 we have bear ERA in my opinion and i will not surprise to see prices between 13k - 16k for Bitcoin.
BULLISH CASE:
As we mentioned many times, bitcoin to change trend needed to create new high high. This is the signal that will
indicates trend reversal. To happen this, we need to see Bitcoin to break and find support above the Main Resistance
Area we are mentioning in our chart. Without New Higher High we are no where near to a reversal.
Your comments are appreciated.
Have a nice day and good luck with your choices.