As you see above: (i) "In the daily timeframe BTC brake the Bullish Trendline & move slightly to the downwards" <<< here is the first sign
(ii) Another confirmation will be coming if it brakes 200 days EMA line
On hourly chart Bitcoin has completed H&S pattern, also right shoulder had pushed down by resistance at 50EMA,and volume surge on breakout indicate short on Bitcoin..
SL at breakout 10,400.
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As I have said in my last post, it was pullback wave to $10,000 (defined sell zone) and it reversed from there, which is what we expected. Everything is going as predicted so analyze target for new bottom and hope it follow-defined path.
The new bottom we are looking here is $8200. From previous up-trend this can be seen as consolidation zone and could change...
We are doing Analysis of BTCUSDT on 4 Hour Timeframe.
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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As stated in the previous article last week, if the resistance level $4200+ is not broken then we would hit the price around $3500 range.Hence it tested the $3478 price level after a drop of 15% this week.
It needs to hold the $3400-$3500 support level and break the $4200 level in the coming days to confirm bullish momentum otherwise we might see...
$BTC #BTC is having strong resistance aroun 7200$ and will see reversal from this level in 6 - 7 days
if it goes up around 7200$ - 7500$ than should come to around 6000$ again
best time to enter in alts coin is when btc will come below 6000$ again in this sep month
Bull Run will be started after 10th of oct. 2018
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Strong Support Level : $8350
Still the market is...
More than 24 Hrs BTC is out of Uptrend and created a new Down Trend...
Resistance Level : $10890
Support Level : $9725
As worst Case we may see BTC again in 4 Digits ($9725)
Ensure twice before Short BTC at 15Mins Chart as the Support Level are broken because there is no FUD or Bad News in Market...