BTC is still bearish in monthly chart, but it's bullish on medium term chart which is weekly time frame.
Now, plan will be buying on every pullback.
Waiting until not got desired price.
After the accumulation phase, there not much volume participation and distribution phase has begun.
Marked Range of ( 25 to 32 K) is make or break range.
As you see market is filling DAILY POI I already drawn on 15Jun23 @25755.67
That POI worked as a magnet! and we can see price mitigates there price started to fall -14.79%
And now price will fill imbalance which is @23986.92 to @20687.13 PLUS there is a another POI for long side! price will bounce there too.
After that we can expect a New High on BTCUSDT a...
@69198.7 All time HIGH on 08Nov2021
Marked few levels those are HIGH on weekly TF Second HIGH @48248.5 on 28March2022 Third HIGH @32446.5 on 30May2022
If market gives us a proper breakout @32446.5 then we can expect a little BULLRUN towards second high @48248.5
Right now price is between @31623.4 - @29491.1 market looks good on weekly TF
Previous week candle is a...
This is an educational idea only, do not take it as investment advice.
There is a Butterfly pattern formation in the BTCUSDT trade. If Price closes above 27477, we can see an up move till 31000.
Let us connect and discuss more possibilities on day to day basis.
This is an educational idea only, do not take it as investment advice.
BTCUSDT looks range bound. If falls below 25800 we can see a fall upto 19800, if bounced back from 25800 we can see a rise upto 31000.
Let us connect and discuss more possibilities on day to day basis.
If we compare BTC's current ascending chart pattern to past patterns, we can see that for an upward trend, we would need a powerful rally to break the upper trend line. However, when we look at the RSI indicator, we see a bearish divergence, as the graph is going down while the price is going up.
Therefore, it is important to keep an eye on the RSI as well. If...
BTC has formed an ascending chart pattern, and I will share my plan to acquire some BTC in the spot market. There are three criteria to consider: first, observe the green trend line for support and movement towards resistance levels. Second, watch for BTC to break the trend line and 50-day moving average, and if the retest fails, look for a move towards $20,668...
In the BTC 4-hour timeframe, there may be a VCP chart pattern forming with a supporting trend line and resistance level at $25167. If the resistance level is broken, it could signal a bullish trend and potentially result in a rally towards the next significant resistance level at $28675. However, it's important to note that technical analysis patterns are not...
*Disclaimer On
This is just my analysis in BTCUSD, this is not a recommendation that can be directly used, I recommend you to re-analyze
Short-Term Target : Around 32848.23
DYOR.
![BTCUSDT.P: BTC buy on pullback[Medium Term]](https://s3.tradingview.com/q/Q7NKfQ16_mid.png "BTC buy on pullback[Medium Term]")
