BTC Back to the Main Trend

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According to my analytical view, BTC is already in the Demand Zone position, with the Average Price at 38169, and has been rejected on the Daily Moving Average (WMA-1000) line. And also forming the Second Leg of the Wyckoff Pattern (H4 Timeframe). Thus, it’s expected that BTC will return to its main trend, which is going up.

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ملاحظة

Actually I've saved this image analysis on 15/02/2022, and I'm trying to share it in my current analysis publication.

Hopefully my analysis can be a second opinion. And happy trading to y’all.

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ملاحظة

Profit target based on Fibonacci Extension tool: TP1 80k (Fib. 1.272) & TP2 92k (Fib. 1.618).

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ملاحظة

There is a change in analysis, and this idea is no longer valid. Thank you.