BTC testing the down side of lateral range that have formulated since March 2024. (Testing the Ice)
It will be positive if it is closed above 59500 on the daily time frame and the first target will be 62K
IN 4 HOUR Time Frame , it has broken down trend
It will be positive if it is closed above 59500 on the daily time frame and the first target will be 62K
IN 4 HOUR Time Frame , it has broken down trend
Trade active
on the 4 hour time frame, price has formed back up BU as a retest for the lateral trend which in a blue color and targeting 68 K.
it will be negative if entered again in the blue wide range.
let's Monitor it closely
Trade active
BTC now trading in a very strong supply zone that if it is broken we can see all time high
1st Target = 75400 $
2nd Target = 78200 $
We hope BTC. dominance to go down to give the breath for Altcoins
Note
1st Target Done
Note
Alhamdulellah , 2nd Target Reached
New targets have added and may be correction will be happen in the shaded supply zone
Note
Wooow , Unbelievable , All new targets have reached too
Note
BTC need a correction for cooling it down before jumping to new targets, as showing in the chart to test the fib level. Also, in the 4 hour time frame, there is a negative divergence as a sign of correction.
This correction if it is happen will be good and healthy for BTC.D and Altcoins
let's see what will happen closely !!
Note
Target 1 & 2 have also Done
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.