Hi
I'm Amir Jafarzadeh , technical analysor of financial markets (stock , forex , crypto currency & ...)
This chart shows my thought about ongoing trend of BTC price.
There is a high dynamic resistance level which started from 2017 and now is on 9750 - 9800 that I can't see the breakout of this level. There are some reasons why I said that :
1- We saw a huge bullish wave from 3800 to 10400 and every impulse wave need a correction. BTC shows that usually correct its 50% of fibo retracement.
2- Major trend of BTC is bullish and it has to break out the 2017 bullish trendline and start a bull run up to 10K & 12K. For this movement we need a huge volume of buy and strong orders of bankers and whales and brokers , so they place their orders below 8K & 7K and we need to see this channel before start the bull run.
be careful about the dates. they released by gann square & box strategy.
share my idea with your friends if you got interested.
I'm Amir Jafarzadeh , technical analysor of financial markets (stock , forex , crypto currency & ...)
This chart shows my thought about ongoing trend of BTC price.
There is a high dynamic resistance level which started from 2017 and now is on 9750 - 9800 that I can't see the breakout of this level. There are some reasons why I said that :
1- We saw a huge bullish wave from 3800 to 10400 and every impulse wave need a correction. BTC shows that usually correct its 50% of fibo retracement.
2- Major trend of BTC is bullish and it has to break out the 2017 bullish trendline and start a bull run up to 10K & 12K. For this movement we need a huge volume of buy and strong orders of bankers and whales and brokers , so they place their orders below 8K & 7K and we need to see this channel before start the bull run.
be careful about the dates. they released by gann square & box strategy.
share my idea with your friends if you got interested.
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