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Tuesday, March 23, 2021

BTCUSD LIKELY MOVE - LONG TO $57,000 OR SHORT TO $38,000

BTCUSD LIKELY MOVE - LONG TO $57,000 OR SHORT TO $38,000

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Right here is a my idea on Bitcoin . As seen on the chart, price is in an uptrend and I expect price to continue in that direction.

But if price breaks the lower trendline downward, then I expect price to follow the double top (M pattern) and approach the neckline at $45,000. If it breaks the neckline downward, then I expect a full M pattern to head to $38,000.

The yellow lines are the previous key support and resistance level price may encounter ahead of it.

What do you think?

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