BITCOIN, on 1st October broke through the parallel channel taking its support from the EMA and reaching the key resistance of $57,500. BTC is getting closer to its $65,000 all-time high.
BITCOIN may cross $63,000 and break it's all-time high this month and potentially surpass $65,000 by the end of the month if traders stay extremely bullisH
If BTC breaks to...
Bitcoin is right now at a crucial level. Likely to go in consolidation for the next few days. If it sustains 42k to 44k zone (retests) then we can see a good rally. It may go to 52k soon and retest at 52k levels for a strong bull run towards 65k . However if it breaks the current level and fails to sustain then we may see a dump to 40k levels. Keep a watch as It...
In this 4 hrs. Technical Chart I'm trying to Show Support And Resistance Levels.
4hrs Chart Shows BTCUSD Take Support @ $30066 After That Near $53800++ Strong Resistance.
If That Resisteansce Work Then BTCUSD Will Crash Near $17000 If This Support Work Then As Per the Chart Shows we Need To Breakout $46000++ After That Upside Target Open.
Let's Hope For The Best!
I think we are going to form this type of triangle and then 50% drop breaking 200 week moving average,and trend line.. panic selling will happen in Q4 or 2020 Q1 and that will be final bottom.
Comment your prediction.
This is an update to recent BTC analysis.
At 4-hour timeframe we can see that the price went out of the local descending channel via impulse growth waves. Subsequent corrective Elliott ABC movements brought the price at the upper edge of the channel.
If we take a closer look it can be seen that there are several positive signs:
1. Stoch RSI moves to Oversold...