#BTCUSD Weekly Closed above 32.7k but is the Spring over?
Welcome to this quick update veryone. I appreciate your views and likes in my previous update. Let's get to this one.
The first thing that we needed is done we got a good weekly close just above 32.7k.
This is a good sign but too early to be happy again.
What really matters is whether we get above our trading range or not!
Which is the breakout of the 41k level triggering the SOS (Signal of strength).
Keep in mind, the Market is in extreme fear so accumulating BTC around 30k is never a bad idea but for mid and long-term traders. For the Bulls who trade on swings better to wait for the Break above 41k.
I am quite confident that this is phase C.
The question remains the same, whether the 28k dump was the last spring or we're gonna see another dump towards 24k.
FOR THIS TO HAPPEN: ONLY A Weekly close above 36k can cancel the 24k Scenario (Not Financial Advice)
This is a 2 Hour Chart, It shows a breakout but the 33k level hasn't been retested yet. Keep that in mind and if you're leverage trading better to take profits off when it's green!
What's your thought on this?
Do you agree or you have other ideas? Let me know in the comment section.
If you like these updates, do not forget to hit the like button and share your views in the comment section.
Thank you
Stay safe
#PEACE
The first thing that we needed is done we got a good weekly close just above 32.7k.
This is a good sign but too early to be happy again.
What really matters is whether we get above our trading range or not!
Which is the breakout of the 41k level triggering the SOS (Signal of strength).
Keep in mind, the Market is in extreme fear so accumulating BTC around 30k is never a bad idea but for mid and long-term traders. For the Bulls who trade on swings better to wait for the Break above 41k.
I am quite confident that this is phase C.
The question remains the same, whether the 28k dump was the last spring or we're gonna see another dump towards 24k.
FOR THIS TO HAPPEN: ONLY A Weekly close above 36k can cancel the 24k Scenario (Not Financial Advice)
This is a 2 Hour Chart, It shows a breakout but the 33k level hasn't been retested yet. Keep that in mind and if you're leverage trading better to take profits off when it's green!
What's your thought on this?
Do you agree or you have other ideas? Let me know in the comment section.
If you like these updates, do not forget to hit the like button and share your views in the comment section.
Thank you
Stay safe
#PEACE
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Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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