#MarketRebound #NEWTBinanceHODLer #BTCbelow100k #IsraelIranConflict
IN WEEKLY CHARTS WE CAN OBSERVE THAT IT HAS REACHED OR BOUNCED IN COUNTERCURRENTS UP TO 108,135$BTC C BUT IF YOU OBSERVE THE PREVIOUS WEEKLY CANDLE IT MADE A MAXIMUM OF 108,958$BTC SO BITCOIN WOULD HAVE TO SURPASS THAT PRICE THIS WEEK AND CLOSE ABOVE THE PRICE OF LAST WEEK'S CANDLE. FOR US TO ENTER INTO PROBABLE TRADES OF 110K AND 116K WHICH I DOUBT. I DON'T BELIEVE IT. BUT HERE ANYTHING CAN HAPPEN. IN ANY CASE, SET ALARMS AT THOSE VALUES 108.9K
MEANWHILE, WE MONITOR 108.9K. PERHAPS TO OPEN UPWARD TRADES. BUT IF IT DOESN'T SURPASS THAT PRICE, IT'S LIKELY TO FALL. REMEMBER WHAT I DREW FOR YOU 3 DAYS AGO, THE COUNTERCURRENTS. THE START OF A BEAR MARKET.!!
DOWN HERE ON THE CHART, THERE IS A BLACK ARROW FROM RIGHT TO LEFT INDICATING THE RESISTANCES OF 108.K, AND 110K. IF IT SURPASSES THEM UPWARD WE COULD SEE OR REACH 116K, THE BLACK LINE ABOVE IS THE STRONG RESISTANCE OF THE ASCENDING RECTANGLE WHERE WE ARE.
YOU ALSO HAVE THE HORIZONTAL RED LINES DRAWN OR SUPPORTS TO WHERE THE PRICE PROBABLY WILL FALL AND BOUNCE. LITTLE BY LITTLE, OVER WEEKS AND DAYS.
BE CAREFUL IF STRONG SWEEPS START TO APPEAR,
FOR EXAMPLE:
IF THE PRICE FALLS AND RISES RAPIDLY AND THEN CLOSES THE CANDLE WITH WICKS OR SHADOWS, AND THE PRICE FALLS TO VALUES OF 100 OR 99, THEN WE WILL SEE NEXT WEEK THAT THE PRICE STARTS TO OSCILLATE BETWEEN 100K AND 94K-
FOR EXAMPLE:
NOTICE HOW THE PRICE MAKES LOWER LOWS AND LOWER HIGHS, IN THE WEEKLY CANDLES OF THIS CHART.
THERE ARE NO HIGHS THAT ARE HIGHER, WE HAVE BEEN DECREASING. OBSERVE THE PRICE ACTION IN WEEKLY CHARTS.
DON'T FORGET TO OBSERVE SEMI-ANNUAL, MONTHLY, WEEKLY, DAILY, INTRADAY CHARTS FOR QUICK OR FAST INVESTMENTS!!