I had a forecast on *BTC* ( Bitcoin ) last month and my sentiment is that;
we are likely to start going bullish on BTC...
_could hit 37k .... but for now I don't trust the big figures of the BTC from 45k upwards but, we also have higher chances of reaching that on the run_
we have two demand zones, the current one we just mitigated is around *19k to 16k* and this the one that I feel is likely to start the bullish move
the second demand zone lies around *11k and 9k*
although this zone shows nicely on the monthly view but.. I see this second zone as a weak zone due to the low impulse coming from it as seen clearly on the weekly...
But we have this first demand to be a very valid one and is like to start the BTC bullish move.
it has a vice inefficient price action on it way up, it also broke structure and we have a nice impulse coming from it.
I feel if BTC moves below 16K I don't know what could happen next. it could mean the end of BTC
as of now 11k is a death path for BTC... I would advice any investor to start investing in BTC now.
StefanFX.......
we are likely to start going bullish on BTC...
_could hit 37k .... but for now I don't trust the big figures of the BTC from 45k upwards but, we also have higher chances of reaching that on the run_
we have two demand zones, the current one we just mitigated is around *19k to 16k* and this the one that I feel is likely to start the bullish move
the second demand zone lies around *11k and 9k*
although this zone shows nicely on the monthly view but.. I see this second zone as a weak zone due to the low impulse coming from it as seen clearly on the weekly...
But we have this first demand to be a very valid one and is like to start the BTC bullish move.
it has a vice inefficient price action on it way up, it also broke structure and we have a nice impulse coming from it.
I feel if BTC moves below 16K I don't know what could happen next. it could mean the end of BTC
as of now 11k is a death path for BTC... I would advice any investor to start investing in BTC now.
StefanFX.......