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tawhid87
May 14, 2021 5:17 PM

Massive up rise coming Long

Bitcoin / TetherUSBinance

Description

Daily RSI is indicating Bullish trend.

Massive volume getting transacted, yet holding nicely above Support. Daily Candles are showing sign of strength

We can hope for another pullback next week and then a huge rise till 72K, or range in between 55-62

So,

Entry Point - below 49K
T1- 55k
T2 - 61.5K
T3 - 72.5K
SL - 42K

Ps. Its not financial advice do your own research , its just for educational purpose only.
Comments
Ether2020
Thanks for your chart of Bitcoin. Indeed this are the famous volume spikes! I follow them always and very often but not always it can signal a rebound. Problem is that the spike predict this but often there is a second wave oown. In uptrend then it signals often the top at least for some time. I have analysed Bitcoin and come at about the same targets. BTC move nicely in the trendchannel but we made clearly lower lows and lower highs. We must close above 60000 to change that trend again. Everything depends of course on which time-frame. What is an uptrend on the hour can be a downtrend on the daily chart.
Keep up the good work mate, this is the right way to analyse!
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