After long time finally BTC has given a strong breakout and which is sustainable and potential to move upward but as per technical it need to retest the breakout zone which we mentioned in the chart and then price can shoot up upward ....
Refer the levels for educational purpose only....
Today BTC will be Bearish or Bullish After 42900 and 42600 because see the chart market making a channel with taking so much time of weekend and it all work after when new year party will be end and trading volume is coming to btc so market so in a single direction.........#btc
CRYPTOCAP:BTC #BTC Precisely predicted $43,145 support test, bearish engulfing on 1D and 4H from Sat played out as expected. Currently struggling to gain string support at $43,145. RSI on 4h and 1d looks fine. $43,868-$44,174 resistance area to watch for breakout, $42,070 next key support
Lets see if this one plays out like its shown
We have a retest pending @32640
last years Order block top
there can be a trade
33333 to 41111
we need to retrace to retest
so there are two trades here
1. Rising Wedge - Continuation Pattern, consider as bearish, often perish to breakdown, usually forms over 3-6 months.
2. No sign of Divergence, trend is bullish
3. Strong Momentum
4. Lack of Volume
What could happen?
Pullback towards 30K or Sideways movement
So we are again looking at a QS on daily and we are completing the 4th Leg on Daily TF, the 5th leg should start from 27860/28280 zones
we will be trapped in 220-620 loop
break of 620 we go 420 the 220
slice 1 : 27860 ->24444 (Short)
Slice 2 : 24444 ->26200 (LONG)
Slice 3 : 26200->22786 (Short)
TGT@30010, 29800, 29540 +
After a SL in long entry previously I have taken a short position as per my setup post retest and a breakdown of support. There is also a bearish crossover and it is below 0 level so let us see if this takes a SL or target. There is no shame in taking SL for me as I know my setup gives me a 1:5+ ratio in trades so I...
Looks like this bullrun is just started. We could touch 32900 range before some correction (-25% retracement) for around 2-3 months with base as 25k range and that will be the best spot buy before a real bullrun starts!
Btc is at major resistance of 30k
Deciding area of bitcoin .
If it breaches 30k then the trend reverses officially .
Small pullback from here is avoided
Bearish sentiments starts below 25k
Although i am bullish here
Bullish sentiments is the higher probability over here
bitcoin in 4 hour frame creating higher highs and higher lows to liquidate positions
gambling can never be good in result of futures trade
higher risk taking is not solution to build your portfolio
do your own research and work hard with dedications
$BTC $16,905 support held, Reattempt at $17,301 in progress. Bullish engulfing on last 1D close, Needs follow up from today's daily close, if followed thru $17,592 test likely. Continue watching given S/R