Hello, dear subscribers!
There was a nice BTC price pump today, which made it clear that the price is going to reach the resistance line of the ascending trend channel. Bitcoin broke up the ATH, it's an overcome of the great psychological barrier.
In addition, the BTC price bounced off the monthly CRP line, broke up the TC line and now is seeking for the pivot resistance(R1). We can define now 2 possible scenarios. The first one is the reaching the resistance line of the channel and breaking it up for the target $22000 pivot R1 level. The second one - reaching the channel resistance line and pullback to the support line with the $18800 level, after that the growth to the $22000 will continue.
There was a nice BTC price pump today, which made it clear that the price is going to reach the resistance line of the ascending trend channel. Bitcoin broke up the ATH, it's an overcome of the great psychological barrier.
In addition, the BTC price bounced off the monthly CRP line, broke up the TC line and now is seeking for the pivot resistance(R1). We can define now 2 possible scenarios. The first one is the reaching the resistance line of the channel and breaking it up for the target $22000 pivot R1 level. The second one - reaching the channel resistance line and pullback to the support line with the $18800 level, after that the growth to the $22000 will continue.
Note
The fast grow scenario activated! There was a massive BTC price pump again! It broke up the ascending trend channel and pivot R1 level of $22000. The first target reached. We need to be careful next to $24000 - it is the next pivot R2 level and our next target. Note
Today the BTC price has almost reached the Target 2 ($24000), but bounced off this level. Now we have two possible scenarios. The first one (green arrow) it the bounce off Target 1 level and the second attempt to test and breaking up the Target 2. The second one (red arrow) is bounce to the Target 1 and breaking it down to Target 0. It is important to observe the price behavior near the Target 1 and 2 levels.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
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.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
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.