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BITCOIN MUST NOT VIOLATE 24159

Writer's picture: jeremy chojeremy cho

Bitcoin's uptrend on the monthly charts started off with a long signal at $10491 on the 3rd of June 2019.

After a breadth taking parabolic surge to $64887 in Nov 21, we are now at the possible break of pivot support at $24159.

A break of $24159 ends the uptrend on all time frames and opens the door to visit the ichimoku cloud SSSA/B levels now at sub $10,000 levels.



Long Term UPTREND since 030619

Medium Term PULLBACK since 030122

Short Term DOWNTREND since 110422


PIVOT 37115

Short positions below 37115 for 24159 and 9246

Long positions above 37115 for 48046 and 64887



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