Bitcoin is set to go higher in coming days. If it takes support on the lower line of the yellow channel and moves up, it will go higher till 47300 which is the upper limit of channel and also 50% retracement of recent bearish move. Alternatively, if it goes below from here and breaks support level of 30000, it may go down. But I bet for bullish trade. I am buying here for target of 47000. 47000 is a very crucial level as it shows three resistance -
1- 50% retracement of recent bearish move.
2 - Upper limit of corrective wave channel.
3 - End of first bearish wave.
1- 50% retracement of recent bearish move.
2 - Upper limit of corrective wave channel.
3 - End of first bearish wave.
Comment:
showing signs of bouncing, going as planned
Comment:
Today's closing above 33300 will lead to bullish movement and it may reach 47000 within one fortnight
