BTC SHORT-TERM OUTLOOK

19 août 2024

⭐BITCOIN/⏳15-minute Timeframe

👉BITCOIN has encountered a key resistance zone (58768.63-59040.42).

👉Given the price behavior around the 5-minute timeframe's bullish trendline, as schematically illustrated, a bearish movement is prioritized.

🎯Bearish targets are as follows:
Target 1: 57795.85
Target 2: 57164.35
Target 3: 55382.60-55737.26

❌Our bearish scenario's stop-loss is a breach of the 59040.42 resistance on the 15-minute timeframe.

❌If this occurs, the bearish scenario is invalidated, and we will transition to a bullish phase with targets at:
🎯🎯🎯
Target 1: 59671.92
Target 2: 60916.49
Target 3: 62731.31

20 août 2024

Note

🔄#GOLD analysis update - August 20
⏳Based on the 15m time-frame:

👀Guys, let's review my plan for #BITCOIN from yesterday.

‼️As long as the price was below the resistances I mentioned in the analysis, my bias was bearish.

⚠️However, I was mindful of the market's sensitivity and the possibility of an bullish movement.

✅That's exactly why I set a stop-loss for the bearish scenario at the 59040 resistance level, which coincided with the start of an bullish move in #BITCOIN🚀

This is exactly what happened, and after the growth confirmation, which I've highlighted in the image, BITCOIN entered a bullish phase and has now reached the second target of 60916.49🎉💰

Congrats to those who took reward of this opportunity🔥🤑

🎯👉The next target is 62731.31.
🔄If my perspective changes, I'll be sure to provide an update