BTC - Weekly Perspective - 02/11 to 02/18
As stated in previous analyses, the long-term chart showed an upward pivot, in which the 44.96K region was an important resistance point to be overcome in this chart time.
Anyway, this value was left behind, and the crypto needs to reach the 51.4K region and remain above 44.9K throughout this month to remain in a consolidated upward trend and seek the top region at 65.1K. See the image below
If this does not happen, we can characterize this breakout of strong resistance as just a beautiful buying "TRAP" and have the following situation. See the image below.
On the short-term chart we have a pattern that could help the crypto reach the level of 51.4k.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes belo
Anyway, this value was left behind, and the crypto needs to reach the 51.4K region and remain above 44.9K throughout this month to remain in a consolidated upward trend and seek the top region at 65.1K. See the image below
If this does not happen, we can characterize this breakout of strong resistance as just a beautiful buying "TRAP" and have the following situation. See the image below.
On the short-term chart we have a pattern that could help the crypto reach the level of 51.4k.
Do your analysis and good business.
Be aware, if you buy, use stop loss.
See other graphical analyzes belo
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