BTC Key Areas to Watch (38.1k, 43.6k and 48k)

Apr 21, 2022

If we are to continue bullish and see BTC retesting ATH this year, then these are the 2 key resistance to break.
1. Bull Market Support Band (42.8k-43.6k)
2. Horizontal Resistance and Uptrend Channel Resistance Confluence (48K)

Things to be mindful of.
In a Daily Timeframe, we see more of a BEARISH Flag so this uptrend channel support (38.1k) has to hold or BTC won't be looking good.

Apr 21, 2022

Note

Failed to break the Bull Market Support Band. Slightly touched the Resistance region with a high of 42.976k.

Now at the time of writing, BTC sitting at the Support of the uptrend channel, we have reacted nicely against this Support since end Jan '22 but a wick down is very much in the cards.

Approaching the weekend: A huge selloff might occur and BTC may wick down to 38.1k region which we have seen in the past.

BEST TO DCA buy from now onwards to the 38.1k region.
"No one can call bottoms with absolute certainty consistently"

May 17, 2022

Trade closed: stop reached