BTC correction starts .. When to expect bounce?
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BTC / USDT
In my previous BTC analysis, I expected the correction to start from 32k-29k which is happening now (check my previous analysis in attachment below )
Are the bulls still in control and when to expect bounce ?
Simply, we can say as long as price is closing above 25k key level in high time frames .. Bulls are in control
BTC can bounce from any local support levels but the ideal point according to parabolic curve is around 25k (also act as a major support) and my midterm target are 36k-38k
In mean while, Dominance of BTC is showing weakness which is good news for altcoins market in coming days but keep watching it for any further update
Appreciate your support by rockets and comments
Any questions or ideas please share with us ⬇️
In my previous BTC analysis, I expected the correction to start from 32k-29k which is happening now (check my previous analysis in attachment below )
Are the bulls still in control and when to expect bounce ?
Simply, we can say as long as price is closing above 25k key level in high time frames .. Bulls are in control
BTC can bounce from any local support levels but the ideal point according to parabolic curve is around 25k (also act as a major support) and my midterm target are 36k-38k
In mean while, Dominance of BTC is showing weakness which is good news for altcoins market in coming days but keep watching it for any further update
Appreciate your support by rockets and comments
Any questions or ideas please share with us ⬇️
Note
BTC dominance analysis…check here : ⬇️
Note
Closest BTC CME futures gaps (unfilled) : - 35k
- 20k
I think 35k will filled first
Note
BTC hit 27k which is important local support and price start to bounce if this level failed to hold the next one 25k-24k (major support)Note
In 4h chart we can see a channel pattern which act as support too for 27k level !IMO the bounce should be from here or from next major support level 24k-25k
Note
Price action tells strong movement will happen soon !Note
The only concern for bulls right now is the monthly chart which is looking quite ugly But still there is a 1 week for changing the closure of this candle
Note
The price is trying to bounce from lower trendline of 4h channel mentioned above Very interesting week to follow price action
Note
Price pumped to 30k then 27k then 29k in few hoursThis was a awful move to liquidate as much traders as possible
I always advice against trading future markets
Note
2 days only left for monthly closure !
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