Rejection on the first attempt as expected!
Weekly Timeframe
Four (4) Hours TF
Since the rejection, looking on the lower TF it shows the support on the 1.2K - 1.3K region, if this fails the next strong area of support is the 900-1K. On this regions we can expect good bounce to the upside and a possible breakthrough of the January 2018 ATH. An easy target of 1.5-1.6K in the short term is expected.
For now, let the market reveal more data to validate this analysis.
Watch the latest Vlog on YouTube:
https://youtube.com/channel/UCrRQy8T439crKspUU8yzD5Q
Register for FREE:
https://www.binance.com/en/register?ref=19786987
https://www.kucoin.com/ucenter/signup?rcode=7w8Rve
Related Topics: November 2020 BTC Trade
a. Cryptocurrencies DIVIDEND
b. Best Performance Assets the last Decade
Feel free to visit my YouTube Channel @ https://www.youtube.com/channel/UCrRQy8T439crKspUU8yzD5Q?view_as=subscriber
"I hope you'll find value in it, like it, Subscribe and hit the bell button."
Remember the condition with Bitcoin (Refer to the previous blog) to meet the possible scenarios.