BTC Targets and Price Predictions - Next Target $45,000
Hello Beautiful and Abundant Souls!
BTC just broke out from a symmetrical triangle, hit the short-term target of
42K, then re-tested broken resistance - flipped to support - at 40K.
Volume continues to rise on the daily along with price action. RSI and stochastics are looking constructive.
There are some hints at us reaching a short to medium-term top in the near future, but BTC can definitely pump higher if it wants to!
Major areas of support are as follows:
$40,000
$37,000
$34,500
$32,600
$30,000
$24,000
If price breaks below one of these levels, then it is likely to head down to the next support level!
If we break below 30K, I suspect we'll see a quick move down to 24K. There is a CME gap many traders are foaming at the mouth waiting to be filled.
If price comes down to 24K, then I am looking to be a buyer!
Major macro resistance levels and targets can be found here:
We are due for a medium to long term reversal, so keep your stops tight and don't FOMO!
Follow us not to stay up to date with TA and targets for the hottest cryptos!
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Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
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Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
BTC just broke out from a symmetrical triangle, hit the short-term target of
42K, then re-tested broken resistance - flipped to support - at 40K. Volume continues to rise on the daily along with price action. RSI and stochastics are looking constructive.
There are some hints at us reaching a short to medium-term top in the near future, but BTC can definitely pump higher if it wants to!
Major areas of support are as follows:
$40,000
$37,000
$34,500
$32,600
$30,000
$24,000
If price breaks below one of these levels, then it is likely to head down to the next support level!
If we break below 30K, I suspect we'll see a quick move down to 24K. There is a CME gap many traders are foaming at the mouth waiting to be filled.
If price comes down to 24K, then I am looking to be a buyer!
Major macro resistance levels and targets can be found here:
We are due for a medium to long term reversal, so keep your stops tight and don't FOMO!
Follow us not to stay up to date with TA and targets for the hottest cryptos!
---
Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
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