BITCOIN - 21.000 USD BEFORE NEW LOWS?
Current consolidation looks little like inverse version of wedge from the june low what gives hope we can break to the upside.
For now we can see possible DB /W bottom, so imo if 18.7 will hold we can see some upward move to one of the main trend lines which are around or a little bit above 21 k.
TL from ath is actually lower, so it will be good spot to close longs.
After that move I would like to see third test of the lows with taking liquidity below 17.6 k.
If that holds I think we will be ready to break the trend line from ath and start grinding up with first target above 25.
If that will be reclaimed we should make base for another part of consolidation between 25-28 k and after breaking that attack highs above 32..
Of course it's quite long term and bullish scenario, everything can happen.
For now we can see possible DB /W bottom, so imo if 18.7 will hold we can see some upward move to one of the main trend lines which are around or a little bit above 21 k.
TL from ath is actually lower, so it will be good spot to close longs.
After that move I would like to see third test of the lows with taking liquidity below 17.6 k.
If that holds I think we will be ready to break the trend line from ath and start grinding up with first target above 25.
If that will be reclaimed we should make base for another part of consolidation between 25-28 k and after breaking that attack highs above 32..
Of course it's quite long term and bullish scenario, everything can happen.
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