Hello everyone. The strong holder zone in my previous idea worked well for BTC. What's next for the crypto?
Let's recap why I marked the zone as strong holder. It's whole number of $40000 with long-term MA and flip structure. Now, the formation is even better, a bullish engulfing candle.
So I'm bullish on BTC for the short term. The level needs to be closely watched is $47000. If that level is firmly conquered, next target is $50000.
What do you think? This is a very quick and simple analysis. I didn't mention the big four players as I used to.
Give me a like if you're with me. Thanks for your support.
Let's recap why I marked the zone as strong holder. It's whole number of $40000 with long-term MA and flip structure. Now, the formation is even better, a bullish engulfing candle.
So I'm bullish on BTC for the short term. The level needs to be closely watched is $47000. If that level is firmly conquered, next target is $50000.
What do you think? This is a very quick and simple analysis. I didn't mention the big four players as I used to.
Give me a like if you're with me. Thanks for your support.
Note
Yep. I just omit to mention the big four players and central bank of China vowed to crack down crypto-related activities. That leaded to a over 8% drop today.
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plan your trade and trade your plan
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.