Dear Traders,
This is full analysis about btcusd. So, Lets start step by step.
At this moment we have huge resistance. and i think we have little reaction. but, the safe point is around 8700. if we broken 8700 then we can look forward to 5600 at least.
and the other hand we broke the bearish trend line. but if you have it cheaper, hold your bitcoin.
So, This is not a good time for enter long position.
Result: The safe zone for long is 5600 and if 11800 broken then look for a pattern in 4h and 1h TF for opening long position. and alternative scenario for bitcoin buyer is around 5600
The final target for bitcoin is around 22000 and i dont have any future for gold to rise again.
Best regards,
Pooya Salehipour
*************************************
If the degree of waves in the chart is disturbed, you can follow this photo:
This is full analysis about btcusd. So, Lets start step by step.
At this moment we have huge resistance. and i think we have little reaction. but, the safe point is around 8700. if we broken 8700 then we can look forward to 5600 at least.
and the other hand we broke the bearish trend line. but if you have it cheaper, hold your bitcoin.
So, This is not a good time for enter long position.
Result: The safe zone for long is 5600 and if 11800 broken then look for a pattern in 4h and 1h TF for opening long position. and alternative scenario for bitcoin buyer is around 5600
The final target for bitcoin is around 22000 and i dont have any future for gold to rise again.
Best regards,
Pooya Salehipour
*************************************
If the degree of waves in the chart is disturbed, you can follow this photo: