The main rule of reality is not to be entangled in your illusions.
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broken and tested -possible to re-test again -next target $30,000 (bull) or $20,000(bear local)
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we tested the local bottom - $20000, also $19666 is the ath of the 2017 bull cycle. here's what I expect next, perhaps we will repeat the spring of 2022, but in reverse order
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Once the bulls take $30,000, the intermediate target will be $35,000 and the main target will be $40,000-$48,000. The bear is waiting for us for $25,000(local)-20,000-15,000(local)-12,000$
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Hello local support works, but for how long? If we can maintain this local zone, then we will try to test the slab again around $30,000. But what really helps us break through it is a false breakout of $25,000(local). I'm not sure we'll see $20,000 unless something happens that we can't predict. I think the $25,000 - $20,000 range is the key for a bull run.
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I don't really hope that we'll dive very far down. But there is a lot of liquidity accumulated below $25,000. Will we collect it or not?
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as I said earlier, main target will be: $40,000 - Done! $48,000 - Almost here!
After this, the next stage will be somewhat nervous, but quite short. More details later.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.