Bitcoin Roadmap
Hello Friends.
In this TV Idea I will try to sketch out a roadmap for bitcoin in the coming weeks and months.
Immediate Support & Resistance:
Support: 28.1K – 28.6K
Resistance: 29.75K – 30.25K
PA:
Bitcoin completed a successful breakout of an Ascending Triangle. The breakout target is 31,850.
Next Major Milestone:
1. 33K was the Selling Climax point before the first bear market rally / redistribution in January of 2022. Bitcoin needs to break above 33K and flip it to support.
2. A successful S/R flip could lead to 45K which was the previous redistribution range high.
3. Even if we assume a successful S/R flip of the 33K level. It is likely to take months until bitcoin reaches the 45K level.
Invalidation:
1. A daily close below 28.15K.
2. A daily close below 26.5K will strengthen the bearish bias/
In this TV Idea I will try to sketch out a roadmap for bitcoin in the coming weeks and months.
Immediate Support & Resistance:
Support: 28.1K – 28.6K
Resistance: 29.75K – 30.25K
PA:
Bitcoin completed a successful breakout of an Ascending Triangle. The breakout target is 31,850.
Next Major Milestone:
1. 33K was the Selling Climax point before the first bear market rally / redistribution in January of 2022. Bitcoin needs to break above 33K and flip it to support.
2. A successful S/R flip could lead to 45K which was the previous redistribution range high.
3. Even if we assume a successful S/R flip of the 33K level. It is likely to take months until bitcoin reaches the 45K level.
Invalidation:
1. A daily close below 28.15K.
2. A daily close below 26.5K will strengthen the bearish bias/
Trade fermée: cible de profit atteinte
Waiting for a pullback
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.