Hi, crypto traders.
As you know, BTC is in a downtrend now.
The candle went down and broke my 1st, 2nd, 3rd targets together. But after breaking the 3rd target: 46,900USD, the price bounced and is around 50,500USD now.
Then, how is the next move?
I think once the price goes up, but after reaching 80h (blue) line or 240h (green) line, the candle changes to negative and goes down again.
If the price keeps under 20h (red) line, the trend is a Strong Downtrend. We shouldn’t buy BTC in this timing.
Today’s Check Points
- The candle continues to go down and reaches 46,000USD again?
- The candle changes positively and breaks 54,000USD?
TODAY’s Target Price
◇BTC goes up◇
- 1st target: 54,000USD (Cross-point with 80h line)
- 2nd target: 58,000USD
- 3rd target: 60,000USD (A nice round number)
◇BTC goes down◇
- 1st target: 46,000USD
- 2nd target: 43,000USD
- 3rd target is 40,000USD (A nice round number)
Enjoy your trading.
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