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CryptoPatel
Jan 17, 2021 8:15 AM

Bitcoin Ready for $22578.... why..? Short

BINANCE:BTCUSDT480
Bitcoin / TetherUSBinance

Description

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#BTCUSDT TA update chart in Short time frame:-

#Bitcoin Currently trading at $34660

Last chart I drawn and BTC dumped almost $5000.

Hope you happy with our last long term analysis.

Now..?

As per chart you can see most Important Resistance level is #R1 #R2 and next one #R3

So still we can see #R3 point and BTC small pump toward #R3 ($38500)

And You also can see Support level #S1 #S2 #S3 #S4 #S5 and next one would be #S7

You know Support now very week because of BTC many attempted on this support level.
So max chances to breakdown this support level.

So if Breakdown #S5 support level then BTC next Target would be $22578.

So simple math for you:-

👉 #R1 breakout then $53834 Very
less priority’s

👉#S5 $ #S6 breakdown then $22578

So I am bearish from $39000 as I posted in my last chart.

This chart is only for your learning and educational purpose.

Please click LIKE button and Appreciate my hard work.

Must follow me for latest crypto real time updates.

Thank you.
Trend AnalysisHarmonic PatternsChart PatternsBTCUSDBTCBTCUSDTBitcoin (Cryptocurrency)CryptocurrencyaltcoinssignalsbinanceBitstamp
Comments
traderview2
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SPOT ON! I just found this scary similarity as well! everyone take a look!
P_S_trade
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thanks for the idea, i think there will be a hike down
druda015
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We are in a bull market. There is only one way to go.
bestfarbit74
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nice chart, same idea
FieryTrading
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Nice chart, thanks. My view:
karouko18
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@CryptoPatel once again, btc prices moves perfectly along your analysis
VittawatSangphung
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I like your idea. good as usual.
Ftia1986
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There is a good chart
cryptotraderog
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While i think we might be ready for another leg down, hope we dont crash that low. that said, will be ready to long or short depending on what the market gives me:
ArshiaZojaji
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I believe you're right.. But because of increasing buyers in market, I give green light to upside breakout..

Click on the chart below to read my idea..
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