Frame D: BTC is still at the beginning of a bullish wave. Although it's not very clear yet, the signal for a bottom has become very clear.
Yesterday I received the prediction that BTC will continue to rise and it reached the 93k area before quickly reversing, creating a rather bad candle. I call on the team to close all Long positions at 91xxx, taking a temporary profit of nearly 4000 for this Long order. I also closed my ETH order, taking a small profit of nearly 50 to wait for the next signal. - The main support zone currently still lies around 90,000 and is likely to be tested several times during this phase. Below is the area 88000 which may also have a beard coming here. As I mentioned in previous posts, after BTC successfully breaks down, there will be very high indicators in smaller time frames, and a short-term pullback is needed to correct the indicators. - The main resistance area is around 93-95. => Personal opinion: - BTC is in a short-term downtrend to rebound the indicators of smaller time frames. If the main support area of 88-90 is maintained, BTC will quickly rise again in the coming days. - I still think BTC will continue to rise, guys. I believe next week will still be a green week with a fairly long price trend.
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Frame D: BTC is still at the beginning of a bullish wave. Although it's not very clear yet, the signal for a bottom has become very clear.
Yesterday I received the prediction that BTC will continue to rise and it reached the 93k area before quickly reversing, creating a rather bad candle.
I call on the team to close all Long positions at 91xxx, taking a temporary profit of nearly 4000 for this Long order. I also closed my ETH order, taking a small profit of nearly 50 to wait for the next signal.
- The main support zone currently still lies around 90,000 and is likely to be tested several times during this phase.
Below is the area 88000 which may also have a beard coming here.
As I mentioned in previous posts, after BTC successfully breaks down, there will be very high indicators in smaller time frames, and a short-term pullback is needed to correct the indicators.
- The main resistance area is around 93-95.
=> Personal opinion:
- BTC is in a short-term downtrend to rebound the indicators of smaller time frames. If the main support area of 88-90 is maintained, BTC will quickly rise again in the coming days.
- I still think BTC will continue to rise, guys. I believe next week will still be a green week with a fairly long price trend.