BTCUSD ********* ⏳Daily chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational
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1️⃣ Bitcoin broke the previous high level-19700.00 2️⃣ Parabolic moves/Curvature support 3️⃣ 4000.00 acted as strong support 4️⃣ 25000.00 Dynamic support and resistance 5️⃣ Strong demand for crypto's (Bitcoin,Ripple,Tether,Etherium etc.,) 6️⃣ 127.20% Fibonacci around 25000.00 7️⃣ Technical support - strong bullish 8️⃣ 30000.00 will acted as key reversal-Bullish 9️⃣ 161.80% 31760.00 Decent upside swing target 🔟 Series of bitcoin halving and rising patterns #️⃣ Overall trend- bullish
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📉 Technical bias-Day-Bullish
Price is below 50,100,200 Exponential moving average Ichimoku cloud -cloud is still green-Middle line supports bullish trend Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band was expected (least chance) Relative strength index - Reached around 75 - Overbought territory MACD -Is still green and well above the signal line, Oscillators about to cross Stochastic - Reached around 85- overbought condition will give a short term fall back expected
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Key reversal area's
25000.00 psychological level 617.00 Point of control area Volume analysis(least chance to reach) 19700.00 Previous time high 10600.00 50% Fibonacci retracement level 30000.00 Major resistance level 25000.00 Possible entry- Bullish 30000.00 Reversal area/Key psychological level/Key turn level
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Bullish entry #bitcoin #btcusd
Entry price - 25000.00
Take profit 01 - 27500.00 Take profit 02 - 30000.00