Is BTC going to test again the $4200 zone or fail? BTC/USD
There are so many moves that BTC can do, but still, here are a few possible moves that I think are possible and I want to share them with all of you!
MOVE NUMBER I
As you can see, BTC is moving in the channel, and the most possible move that could happen, is that BTC will test the upper channel line again. If this time there will be a break out of the channel, and the price will stay above it, then we will go to the next move!
MOVE NUMBER II
A break above the $4200 zone, will move BTC from a channel, inside another channel with a potential target around $4800 zone, and this will bring us closer to the main target!
MOVE NUMBER III
If those 2 moves above will be confirmed, the main target will be reached and the AB=CD pattern will be complete! On that zone($4800-$5050), the 200 MA is waiting for us to arrive! Plus, there is where the main strong resistance is and the real challenge! There will be a big fight between bulls and bears, but, until then let's see how it will turn out!
Disclaimer : My posts are never financial/invest advice! For a favorable outcome, make your own research! Never invest more than what you can afford to lose. Don't forget, it's all about positive thinking and patience!
Remember, you should always use a stop loss!
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