BTCUSD: ALL ABOARD THE GREEN TRAIN TO $42,000
1/ Bitcoin price is failing to hold up.
2/ As a result, the recent rally is getting undone.
3/ Expecting a bounce from the demand zone ($34,592 to $35,744)
4/ Or in some cases a double bottom at $34,750, which is the confluence of the demand zone and the buy zone ($33,156 to $34,915).
5/ The first target would be the range high at $41,322; then BTC might target the 200-DMA at $42,861.
6/ Expecting a wick up to $45,400 if we are lucky.
As always, none of this is financial advice and should be construed as one.
DYOR
Not Financial Advice (FA)
2/ As a result, the recent rally is getting undone.
3/ Expecting a bounce from the demand zone ($34,592 to $35,744)
4/ Or in some cases a double bottom at $34,750, which is the confluence of the demand zone and the buy zone ($33,156 to $34,915).
5/ The first target would be the range high at $41,322; then BTC might target the 200-DMA at $42,861.
6/ Expecting a wick up to $45,400 if we are lucky.
As always, none of this is financial advice and should be construed as one.
DYOR
Not Financial Advice (FA)
Trade closed: stop reached