- BTC Weekly Review:
Hello, my friends, it's been a rough week.
Last week, we talked about BTCUSDT when it was 21k, now it's 16k.
I wanna show you a few conclusionsI I made about Bitcoin.
At the moment price trades triangular oscillation interval.
I expect that price can breakthrough triangular oscillation interval.
Then, I think price can break the upper edge of the triangleline(Blue Line Above) and go higher.
Also, I think price can break the lower edge of the triangle(Blue Line Below) and continue move down.
- Price Key Point
Point of Control: 16900.66(1.618)(Gray Line); 16441.53(Yellow Line)
When the price breaks the upper edge of the triangleline(Blue Line Above), It's a good chance to long BTC at 17600 when it gets down.
When the price breaks the lower edge of the triangle(Blue Line Below), It's a good chance to short BTC at 16441 when it turns back.
- Stock Market Review
Like last time I said, SPX just performing dead cat bounce. It went down at the resistance area at 4099.77-4044.99(0.618-0.66).
If SPX still go up, I think 4299.02(Blue Line) is strong resistance because it's close to the 365DMA(Yellow Line).
- BTC Long-Term Review
Hmm, seems like here's still a lot of work to do.
- At Last
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks. It really means a lot to me.
This is my opinion, I really hope it will be useful for you.
Be prepared and save your money. Make big profits!
