My Analysis - Next Week
BTC bullish for 50 k levels with any break above 45100 zones
50 k is zone of perfect number booking and this breaks then we will see a newer high being created
educational purposes only. Not a trade recommendations BINANCE:BTCUSDT
BTC/USD Chart for next few days
1. Daily chart forming an upward triangle pattern
2. In 1 hr timeframe, we can see rejection of 40000 level.
3. Plan buy only if it closes above 40000 level
3.1. Sell at 42k level
3.2. Sell at 45k level
4. Sell if it breaks upward wedge pattern.
Monthly chart: indicates that there has been a divergence in MACD and we can see the double top formation that was a wholistic overview, but the last three candles indicate that if the price broke below 32917 and closed below this it will complete as an inside bar which is bearish and on the downside
based on the Weekly chart 28850 is the support, whereas if...
On daily timeframe btc again testing major resistance trendline. Previously we can see whenever btc tested this trendline we seen huge pullback.
if btc starts dumping frm here then easily we can see btc testing again 30-32k zone.
BTC will be bullish only after trendline breakout with huge volume.
BTCUSD in the monthly chart showing the double top
and now the question is that. is this is an indication of btcusd to fall down or it will break the pattern and go higher from the past record or is it going to shift more downward which no one expected! it will be a great time if it falls to take a bearish trade! we have to wait for the confirmation to enter in trade !
looks like bitcoin breakout may happen anytime soon. As per the charts it takes support at 'red' and is following the trend line.
Charts for educational purpose only
