Hello to all trading fans,
this is my first TA, a lot of lines, but I hope you can find my idea.
As you can see, we are just before an important Point If BTC will cross the black R-line, we finally left the bearish channel, and we will see a new ATH. If not, we will have to test again Support lines. The first would be at around 7,900 (+- 50), the deeper line would be again at around 6000. Should the 6000 not mark the final stop, it will go down deeper. But I dont think so. In my opinion we will go to 11.800, than a retest at 7.900, than we will enter a bullish period up to 18.000- 22.000 as first high Targets.
Thanks for your interest.
This is no trading advice, just a personell idea. Trade on your own risk.
Good luck to all,
Sascha
this is my first TA, a lot of lines, but I hope you can find my idea.
As you can see, we are just before an important Point If BTC will cross the black R-line, we finally left the bearish channel, and we will see a new ATH. If not, we will have to test again Support lines. The first would be at around 7,900 (+- 50), the deeper line would be again at around 6000. Should the 6000 not mark the final stop, it will go down deeper. But I dont think so. In my opinion we will go to 11.800, than a retest at 7.900, than we will enter a bullish period up to 18.000- 22.000 as first high Targets.
Thanks for your interest.
This is no trading advice, just a personell idea. Trade on your own risk.
Good luck to all,
Sascha