SEE BITCOIN IDEA TO $22,481

I got the larger target $22,481.00 from a 4 hr. chart. However, I think price will retrace to the area ($21,111) responsible for the recent BOS to make new highs. From there, we'll get a bounce to mitigate the highs (21450ish to 21700ish-marked on chart), putting in a new high and above. I believe this pattern continue to happen until we reach high on the Daily range. Let me know your thoughts

Best,
Brothers In Bitcoin

Kommentera:

SEE update!!! Per, my original analysis, I had price tapping into the last demand zone that BOS. However, Price tapped into the origin/beginning of the entire move that broke structure. The bounce after price tapped into the origin of the entire move was pretty active with volume. Still targeting $22.4K

Best,
Brothers In Bitcoin

Kommentera:

the origin of the move is where I drew the red box, see analysis, thanks