We may see BTC at 50K in the next couple of days.
Hey guys,
In a macro perspective it's very possible to see Bitcoin Dropping arounds 40K - 42K (maybe 36.7K) to get strength to reach a new ATH. There are also some macro perspectives that supports the idea that we are ready to reach new highs right now!
I'm sharing with you guys a "micro point of view" in the 1H chart, if we are going to a 50K without testing the 40K - 42K area now could be a good moment to build some positions.
In the 1H chart we can see a inverse Head&Shoulders + a breakout of the 1H downtrend + the EMA 50 started a small reversal.
I placed two different buying orders, one at the retest of the downtrend and another one at the neckline of of the H&S.
In a macro perspective it's very possible to see Bitcoin Dropping arounds 40K - 42K (maybe 36.7K) to get strength to reach a new ATH. There are also some macro perspectives that supports the idea that we are ready to reach new highs right now!
I'm sharing with you guys a "micro point of view" in the 1H chart, if we are going to a 50K without testing the 40K - 42K area now could be a good moment to build some positions.
In the 1H chart we can see a inverse Head&Shoulders + a breakout of the 1H downtrend + the EMA 50 started a small reversal.
I placed two different buying orders, one at the retest of the downtrend and another one at the neckline of of the H&S.