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Bitcoin Analysis approaching potential support zone into Wave 5…

Bitcoin Analysis approaching potential support zone into Wave 5…

Bitcoin Analysis approaching potential support zone into Wave 5…

21 June 2021 Analysis

Bitcoin in consolidation, clearing TL and 30000 swing low could push to next target 26750 followed by 22600 zone.keep in mind momentum oversold. if 31000-32000 TL holds we could test upper trend line at 41000 again.

  • #Bitcoin $BTCUSD took out TL & 30000 swing support heading towards initial target 27500 -26750 (62.5%) watch 25K followed by 21-22K zone if we slice through 25K. LOD so far at $28800
  • #bitcoin A fast Intra-day reversal indicating a potential Spring reversal long setup on $BTCUSD after new low at $28800 into wave 5 target zone was archived above 62.% support zone. if this low holds we can rally back to 41000 if cleared possible 50K zone in the coming days/weeks

#Bitcoin $BTCUSD in consolidation, clearing TL and 30000 swing low could push to next target 26750 followed by 22600 zone.keep in mind momentum oversold. if 31000-32000 TL holds we could test upper trend live at 41000 again. #trading #forex #futures #bitcoin $BTC pic.twitter.com/F0W7yvmrtF

— Gus Joury (@Gussj) June 21, 2021

#bitcoin A fast Intra-day reversal indicating a potential Spring reversal long setup on $BTCUSD after new low at $28800 into wave 5 target zone was archived above 62.% support zone. if this low holds we can rally back to 41000 if cleared possible 50K zone in the coming days/weeks pic.twitter.com/7Rlw5FS7cC

— Gus Joury (@Gussj) June 22, 2021
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