BTC/USDT : Start of new bullish move to 51K confirmed
Updated
BTC/USDT : Start of new bullish move to 51 000 confirmed
Context :
Following my previous Mid/long run analysis here : https://www.tradingview.com/chart/BTCUSDT/Pf9Zigw5-BTC-USDT-Daily-View-Opportunity-to-enter-in-the-bullish-trend/
The market reached the entry area at 42000 before bouncing off and surpassed confirmation resistance at 43200 opening a direct rise for the coming days
Daily View - 1 to 3 days - 3H chart basis
The BTC is reintegrating the price action above the EMA21/55/89 and the RSI is progressing in positive area
The Target of the 5th wave is set at 51K in parallel of the Fibonacci retracement set at 51K
As long as 42500 remains support a direct rise to 51 000 max 52 000 is expected before any pause / consolidation
Alternative : breaking 42500 a a direct drop to 39700 will occur
enjoy
Context :
Following my previous Mid/long run analysis here : https://www.tradingview.com/chart/BTCUSDT/Pf9Zigw5-BTC-USDT-Daily-View-Opportunity-to-enter-in-the-bullish-trend/
The market reached the entry area at 42000 before bouncing off and surpassed confirmation resistance at 43200 opening a direct rise for the coming days
Daily View - 1 to 3 days - 3H chart basis
The BTC is reintegrating the price action above the EMA21/55/89 and the RSI is progressing in positive area
The Target of the 5th wave is set at 51K in parallel of the Fibonacci retracement set at 51K
As long as 42500 remains support a direct rise to 51 000 max 52 000 is expected before any pause / consolidation
Alternative : breaking 42500 a a direct drop to 39700 will occur
enjoy
Trade closed: stop reached
42500 penetrated - Alternative target reached at 39700A new bullish tentative should occur from the current level. A new analysis is coming soon
CIO & Head of market research (Automata - Akt.io)
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