CLEAR CLOSEUP on BITCOIN Stabilization Zone 5 - BULLISH MOVE
DESCRIPTION
How far can the price keep on fluctuating on Steady 5 Zone?
If u follow up from my previous trend analysis, this analysis shows the selection of some Stabilization zones that occurred based from the previous chart but this time on a 60 Minutes Chart Timeline. The stabilization zones pointed out shows the slight steady movement of prices that occurred in more horizontal manner from Steady 1 zone in late March up to the current steady zone in early May (Steady 5 zone).
For this analysis, our focus will be on the Stabilization Zone 5 (Steady 5).
We are experiencing price fluctuations in the Stabilization Zone 5 (Steady 5) which has had price movements from $8,463.29 up to $9,145.80 and has kept on moving back and forth. This might indicate a possible Bullish move which might see the bitcoin price go up to as high as $10,500 on the Bullish Trend Channel.
Back to the question on how far we can hold on to this zone, the answer will be 'Not For Long". The possibility of moving out of the Steady 5 zone will come sooner before the Halving. So we are looking at the price breaking the resistance zone of $ 9,145.80 and going upwards. At the moment, the price is being tested on the $9,145.80 mark.
The Stop Loss level has been indicated to be on the Support level at $8,463.29.
We should see more bullish movement in the price.
Target Profit has been set to $10,488.95.
Don/t forget to Follow and also Like this idea, your appreciation is highly needed.
Thanks a lot for reading.
How far can the price keep on fluctuating on Steady 5 Zone?
If u follow up from my previous trend analysis, this analysis shows the selection of some Stabilization zones that occurred based from the previous chart but this time on a 60 Minutes Chart Timeline. The stabilization zones pointed out shows the slight steady movement of prices that occurred in more horizontal manner from Steady 1 zone in late March up to the current steady zone in early May (Steady 5 zone).
For this analysis, our focus will be on the Stabilization Zone 5 (Steady 5).
We are experiencing price fluctuations in the Stabilization Zone 5 (Steady 5) which has had price movements from $8,463.29 up to $9,145.80 and has kept on moving back and forth. This might indicate a possible Bullish move which might see the bitcoin price go up to as high as $10,500 on the Bullish Trend Channel.
Back to the question on how far we can hold on to this zone, the answer will be 'Not For Long". The possibility of moving out of the Steady 5 zone will come sooner before the Halving. So we are looking at the price breaking the resistance zone of $ 9,145.80 and going upwards. At the moment, the price is being tested on the $9,145.80 mark.
The Stop Loss level has been indicated to be on the Support level at $8,463.29.
We should see more bullish movement in the price.
Target Profit has been set to $10,488.95.
Don/t forget to Follow and also Like this idea, your appreciation is highly needed.
Thanks a lot for reading.
