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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As per our Previous Technical Analysis BTC was in bearish market & still in...
We personally given info for our team as to stop trading since the market more volatile on both the sides...
Few Whales are trying to put it on right track & few whales are trying to accumulate more in cheaper Price...
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...