BTC: BEST POSSIBLE SCENARIO FROM HERE!!
Updated
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Welcome to this BTC update. My previous BTC analysis went wrong, I didn't expect that quick pump from 18k to 21k and IMO no one caught that kind of move. Still, I fully accept my mistake and try to learn more daily from the market.
Now, let's get to the chart.
As you see, BTC is forming a large falling wedge-like structure in the 2-day time frame and currently rejecting from the upper trendline of the wedge. From here, I'm expecting a correction up to 18k-19k and this is the zone where I buy everything with a tight SL.
I'm expecting that after reaching the 18k-19k zone, BTC will start pumping and breaking this falling wedge. Once it breaks above it then be ready for 30k
Invalidation of bullish scenario will be close below 18k
So as of now wait patiently until BTC reaches the support zone (18k-19k). Meanwhile, in between, try to do some scalp with a strict SL.
What do you think about this? Do you agree that BTC should do a pullback from here? Let me know your thoughts in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this BTC update. My previous BTC analysis went wrong, I didn't expect that quick pump from 18k to 21k and IMO no one caught that kind of move. Still, I fully accept my mistake and try to learn more daily from the market.
Now, let's get to the chart.
As you see, BTC is forming a large falling wedge-like structure in the 2-day time frame and currently rejecting from the upper trendline of the wedge. From here, I'm expecting a correction up to 18k-19k and this is the zone where I buy everything with a tight SL.
I'm expecting that after reaching the 18k-19k zone, BTC will start pumping and breaking this falling wedge. Once it breaks above it then be ready for 30k
Invalidation of bullish scenario will be close below 18k
So as of now wait patiently until BTC reaches the support zone (18k-19k). Meanwhile, in between, try to do some scalp with a strict SL.
What do you think about this? Do you agree that BTC should do a pullback from here? Let me know your thoughts in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Note
TC has a big resistance at the 21.5k level. It is still trading at the resistance level in HTF but in a lower time frame, it looks good and might pump a bit to liquidate high-leverage shorts and trap the buyers. I'm expecting it to touch the $21.8 level and then reject hard.
In this kind of market, the best thing you do is scalp with a tight SL. Do not hold much, take profit and move on to the next coin.
If BTC reaches 21.8k from here, then expect some more pump in Alts. Let's see how this goes.
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