Bitcoinforecast
Bitcoin still in bulltrend in weekly time frame.#BTC (Update)
Technical analysis:
Hello everyone, welcome to this quick update:-
6th Consecutive Weekly Candle Closed Above the WMA50 ✅
So far Bulls Defending the WMA50 (30932) But If Weekly Candle Closed Below the WMA50, Next Stop would be 24k..
If Bitcoin Remains Above it, Bitcoin Might Bounce Back towards 60k (Previous HIGH)
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💡Don't miss the great buy opportunity in BTCUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (32380).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 34802
TP2= @ 36116
TP3= @ 37780
TP4= @ 39563
TP5= @ 42058
TP6=@ 45799
SL= Break below S2
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ForecastCity English Support Team ❤️
Bitcoin - Looking BullishBitcoin looking bullish near 34000-34200, Target will be 36000 & 40000 USD. SL will be 32500
Possible rising wedge and retest on Bitcoin, Divergence!!!!Divergence has appeared clearly. Now possible rising wedge and retest will be followed! I hope that the falling resistance that was broken with the last price action will be able to hold the price above it !?
Not financial advice (Yatırım tavsiyesi değildir)
BITCOIN may see further downfall as per tech analysis tools.BITSTAMP:BTCUSD Bitcoins is forming the inverted cup handle pattern in daily timeframe which is bearish and trend continuous pattern which Technical analysts often use as selling opportunities because of their ability to "prove" the lack of buying pressure during the timeframe being assessed. i think it ll go down upto 22400$ level .
its just for eduactional and for analysis purpose. dont trade on basis of this.
sell side ethusdHello guys i had find this setup which is made a double top in 4h timeframe and also broken trendline and we get a confirmation also we can sell with the sl above resistant which i mentioned and tg near support and plzz before opening any position plzz do your own analysis if you like my analysis do like share and follow thank you