The similarity is uncanny guys. The $BTC price is too similar to the last time a similar thing happened. A quick recovery is my prediction.
DYOR.
Not financial advise.
Breakout above 42500 if sustained
Tgt 42949 - 43495 - 44053
If rejected from trendline
downside 41595 - 41300
More chances are of upside after taking support near 40K and bounce back
Please do correlate by yourself also on charts. This is for paper trading and educational purpose only. Must consult your Financial advisor before investing.
Making trangle like pattern ...if it gives breakout from trendline then good buy above 60,000 because, this level maybe act as an resistance....keep logical stoploss below the buying level as on your risk bearing capacity or below 200 EMA ,
positionally target 64000.
keep tracking this idea .
1h time frame trendline breakout and resistance 62628 targets should be 64000 for short term
only for educational purposes and not a buy or sell call buy or sell on your risk.
thank you .....
BITSTAMP:BTCUSD
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This is 2nd week that it stopped at the supply zone which is at the 0.61 fib this week and the next week it has to clear this off. The 4th week would be troublesome otherwise. Waiting and watching.
