Btcusdshort
💎 BTCUSDT: Correction is OVER, Time to Rise up Again Hello Traders,
as u can see btc is trading in rising channel, lower trendline has given strong support. i m expecting btc will rise frm here towards 50k mark. before tht btc must sustain above trendline for 1-2 days.
in worst case if starts dumping below trendline then it will be really disastrous situation ...wait for confirmation on daily timeframe.
💎 BTCUSDT: Ready For Next Legup Towards 50k💣💣💣💣Hello Traders,
as u can see btc successfully made healthy correction towards 0.5% fib ratio area which is 48800$. looks like a retracement has been done of recent rally. btc must go up frm here if there is further drop possibility then it will test 0.618 fib ratio which is at 41587$. after daily strong confirmation we can build long position frm here and target is 50k.
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BTC INTRADAY SETUP - Consolidation Expected today#BTC INTRADAY UPDATE
VOLATILITY EXPECTED: LOW
EXPECTED SCENARIO:
Today $BTC will consolidate and take Support at S1(42200$).
BULL CASE:
Only if we cross INTRADAY FLIP (44200$), R1(45000$) will be tested.
BEAR CASE:
Expecting BTC to take support at S1(42200$) today.
NOTE:
On higher Timeframe BTC can go as low as 39K- 40K before moving up again.
💎 BTC Unable to Cross Major Resistance Trendline.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.
BITCOINAfter completing 12345 impulse move Bitcoin showing that it is currently in final corrective phase C of ABC.
When bitcoin broke the rising channel it was the 1st sign that possibly the entire move up is 3 waves. after completing wave B of ABC, now it has broken 2nd support level marked on chart, this confirms that the entire rise was wave B, and currently we are in wave C of ABC, The parallel channel around the entire structure gives us the downside level of 30800 for wave C to complete.
Overall wave structure could be like this
macd in weekly
macd in daily
rsi in daily
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Bitcoin THE KING- BTCUSDBitcoin is already been in a downtrend for the past few days in the lower time frames. It looks like BTC is planning for a major liquidity grab before making the next big move towards the moon. I personally will try to take this as a chance to buy more BTC if it reaches anywhere near 24k to 27k. This is not financial advice. Invest only what u can afford to lose.