BTC / USDT
BTC succeeds to breakout the resistance of 32k (monthly resistance) yesterday first time since may 2022! We can see also a successful breakout retest
what does that mean ?
– The 30k to 32k level should act now as support /buy area until broken for the next pump toward 40k region !
–NOTE :
The price has filled the CME GAP at 35k
There is another major CME gap around 21k and in order to fill this one we need a big big FUD ,but for now we cant talk about this scenario as long as we closing weekly above 30k
Summary:
My current bias now is bullish as long as we close weekly above 30k
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Comment: A price action will occur soon
Comment: The figure is clearer in the line chart:
Comment: UPDATE
On small time frames
We can see BTC is forming a parabolic curve since October the 16th
Right now BTC can bounce here from the curve line OR if failed for that we will have a more deeper correction toward 32k-30k (weekly support)
Comment: Important :
Only 3 days for the closure of monthly candle
We need at least to close above 30k as said above
Candle Closure :
below 30k means bears will enter again
Above 30k = bullish
Above 35k = mega bullish
Lets see what will happen ..be ready