BTC after bottoming out has given us a good upmove and a sharp sell off was met by good support.
Expecting BTC to test the all time highs pretty soon as it look really good on weekly charts.
A very good long opportunity for good rewards in the coming few days.
If we hold above $42.5k level then chances are price will bounce back from this level eventually price will go up,if it fails to hold above this level then market can go bearish for a short period of time
5 reasons to book profit
1- declining RSI.
2- declining MACD.
3- Heavy resistance at 50-51,5 k USDT.
4- q3 closing in 3 weeks.
5- out of 6, the previous weekly candle closed in red causing resistance and a decrease in the Volume over 6 weeks duration.
your point of view or suggestions are most welcome
BTC INTRADAY UPDATE:
VOLATILITY EXPECTED : HIGH
#BTC should test our SUPPOPRT1 and a small bounce is expected at that level.
SUPPORT1 may not hold today.
$BTC has to cross our INTRADAY FLIP line to be bullish. which is quiet difficult today.
$BITCOIN may not hold at SUPPORT1 and we test our...
Bitcoin Movement August month
From 37K to 50K
(13K Up Movement 50-37=13)
Bitcoin Movement July Month
From 29K to 40K
(13K Up Movement 40-29=13)
Expected movement for September month
Bitcon can reach at 58K to 60K
This chart is only for educational purpose.
If you like my chart give like or comment.
Bitcoin donation address.
What is an ‘inverted cup and handle’?
An ‘inverted cup and handle’ is a chart pattern that indicates bearish continuation, triggering a sell signal. Think of it as an upside-down cup and handle.
If you look at the regular cup and handle pattern, there is a distinct ‘u’ shape and downward handle, which is followed by a bullish continuation. This means the inverted...
A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a...
Redistribution begins with volatility and ends with volatility. Typically a Selling Climax initiates the Redistribution process. The Redistribution process looks eerily similar to Distribution. A review of the process of Distribution could prove helpful (to study the Distribution process and schematics click here). On the ARMH case study; cover up everything to...