BTC is currently on a 40% discount. I am expecting it to short cover from here. It will be targeting the supply area above.
The top-down analysis of BTC/INR according to price action. Don't Put maximum reward on this short. Try 1:2 or 1:3 reward ratio.
Symetrical triangle breakout above 1.6$ can lead to 2.8$
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If you were following my status update, then you know I was expecting 48/45/42 when BTC was around 56 and suggested cash out your major alts except which are bought too low. Fortunately, this move has not damaged the alts much, and many alts didn't make lower lows. Coming to the BTCUSDT, it is at major support, in case this holds we can see new high. But, it is...
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BTC, MY BIDS ARE READY.
BTCUSD is looking for a great buying opportunity to take the move to the upside after having 32% correction.
BTC Bitcoin BTCUSDT technical analysis update H4
In a range for a few weeks, Bitcoin is just letting off steam and draws us a head and shoulders pattern. Between Tesla's Technoking warning and possible general tightening of regulations across the world, nothing is going well for the queen of all digital currencies. Nothing? Not quite. Bitcoin has so far shown great resilience, foiling any negative news. I...
-BTC has fallen to a two month low as Tesla announces suspension of BTC payments -150 MA has held BTC from a further downfall -Bullish divergence spotted on RSI Bitcoin has broken out of a long 3 month range of $10,000. After Elon Musk announced Tesla will no longer be accepting BTC due to environmental reasons, BTC broke its major support of $55,000 and quickly...
-BTC has fallen to a two month low as Tesla announces suspension of BTC payments -150 MA has held BTC from a further downfall -Bullish divergence spotted on RSI Bitcoin has broken out of a long 3 month range of $10,000. After Elon Musk announced Tesla will no longer be accepting BTC due to environmental reasons, BTC broke its major support of $55,000 and quickly...
In BTC-USD pair we can clearly see the double bottom (W) pattern which is showing bullish sign. Volume is also confirming bullish move. We can see some choppy move this Sunday because of the weekend. 1 st resistance area is 51367$ 2nd resistance zone is 52900$-53600$ In case of any downward move BTC needs to hold support zone at 58355$. Weekly closer below this...
Falling wedge is a bullish pattern. Bitcoin is forming a bullish falling wedge pattern on an hourly timeframe.
Bitcoin has been running bullishly since December 15 to $ 64,854 and is now #BTC BITCOIN HAS BEEN RUNNING BULLISH SINCE 15.DECEMBER 2020 TO $64,854 AND IS NOW IN A BUMP-AND-RUN REVERSAL BOTTOM FORMATION.