Hello fellow charters!
First of all, I want to point out that the following post is NOT financial advice or any kind of recomandation, nor am I lisenced to give one!
It is my personal opinion and view on the chart!
Let's dive right into this, will use the Bittrex chart and show a weekly chart first,
cos I marked some lines very far back in the history:
https://www.tradingview.com/x/dgBMYn0V/
going down to the daily so u can see the levels i marked clearer
https://www.tradingview.com/x/VOznfaGJ/
The price looks like its marking a higher low compared to the 20k low it made in January before the runup to 50k.
In that case I expect the 50k level to be broken this time and the price painting a higher high.
My target exit is tight around 60k satoshi where we have a fibline and previsou support which I highlighted on the left, expecting it to become next resistance point.
In case of very bullish behaviour my target would be the ~88k satoshi area where the next fib and support/resistance line is.
Please keep in mind, this is NOT financial advice or any kind of recomandation, nor am I lisenced to give one.
Enjoy the day and good luck in the markets!
Kind regards, OZ