Hi, crypto traders.
The price broke down the last lowest price: 39,600USD and accelerated to go down.
Because the sequential order is 100MA (black) > 60MA (green) > 20MA (blue) > 5MA (red) > the candle, the trend of BTC is a Strong Downtrend now.
Target points next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 37,000-38,000USD (Cross-point with 5MA)
– 2nd target: 40,000USD (A nice round number)
– 3rd target: 40,000-41,000USD (Cross-point with 20MA)
◇BTC goes down:
– 1st target: 34,000USD (the lowest price in 22nd/Jan/2022)
– 2nd target: 31,000-31,500USD (Cross-point with 100MA of weekly chart)
– 3rd target: 30,000USD (A nice round number)
Enjoy your trading.
The price broke down the last lowest price: 39,600USD and accelerated to go down.
Because the sequential order is 100MA (black) > 60MA (green) > 20MA (blue) > 5MA (red) > the candle, the trend of BTC is a Strong Downtrend now.
Target points next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 37,000-38,000USD (Cross-point with 5MA)
– 2nd target: 40,000USD (A nice round number)
– 3rd target: 40,000-41,000USD (Cross-point with 20MA)
◇BTC goes down:
– 1st target: 34,000USD (the lowest price in 22nd/Jan/2022)
– 2nd target: 31,000-31,500USD (Cross-point with 100MA of weekly chart)
– 3rd target: 30,000USD (A nice round number)
Enjoy your trading.
