BTC - Bull Run Short Term Prediction
BTC managed to overcome all previous levels to get to where we're at now, seemingly consolidating over 13k. Volume substantiates everything.
Very bullish indicators, possibility of a short term pullback. if there is one watch for a bounce off the previous hard resistance marked in orange as another validator of true bull trend. Breaking this level is unlikely with this amount of strength behind it.
Expect it to test 14.5k range in the coming days, if we get a good punch through we could go all the way back to 20k as the resistance is thin between those levels.
If it can't climb quickly though expect the upper channel to hold. Resistance will build if the price can't keep moving. Doesn't mean it won't go up, just means it'll be prolonged.
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Very bullish indicators, possibility of a short term pullback. if there is one watch for a bounce off the previous hard resistance marked in orange as another validator of true bull trend. Breaking this level is unlikely with this amount of strength behind it.
Expect it to test 14.5k range in the coming days, if we get a good punch through we could go all the way back to 20k as the resistance is thin between those levels.
If it can't climb quickly though expect the upper channel to hold. Resistance will build if the price can't keep moving. Doesn't mean it won't go up, just means it'll be prolonged.
--
I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
If you like my analysis, then leave a like and feel free to follow for more free content. If you don't like it, then leave like but do it with anger; I'll be able to tell the difference. Feedback, criticism and crude humor are welcome 🤙😁
تعليق:
Short term consolidation triangle at upper resistance on 4H. Bullish looking.
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