After verifying all the previous analyses in the medium term, we return with a quick and simple update that is enough to understand from the chart.
Or the following text:
Analysis on the daily frame:
Built-in analysis: Classic technical analysis, Gann time analysis, Stochastic indicators, TPO, and 200 moving average.
Bitcoin$BTC Currently it is centered at the resistance of 65935. Failure to break this resistance may lead to a retest of 63900. But!
If the breakout occurs with a 2-hour close, the following targets will be targeted:
- First target: range 69000 - 70000
-Who's there?
Expected Correction: Bitcoin may rebound to the 63900 range before bouncing back.
Potential bounce: After clearing and retesting the 200 MA, we may see a new uptrend towards the next target:
- Second goal: 77250
But from there a sudden move may occur to liquidate traders who entered on the break of the previous high, and a violent correction to the 69,000 - 70,000 range.
Summary of the analysis:
This is enough, and if this scenario is realized, the analysis will not be renewed until a fundamental change occurs in what was mentioned.
Tip: Combine this analysis with previous analyses.From hereIn the long run, you will achieve amazing results if you rely on Positional positions.
See you in another update soon.
