Btcusdtrade
Battle between 54k and 61k who will win? BTCUSD expected movesBitcoin
The battle between 54k and 60k was a recent trend in bitcoin as we can see that the bear unable to break the 54k firmly and the bull was unable to break the 60k
firmly and since March 14 BTCUSD was trading within this range. And waiting for further fundamental support further upside movement. Today its bounced again from
54K level and braked the price arc. Bullish engulfing formation is a another support here.While writing this analysis the price was around 56k and on top side 60k will
act as decent resistance for the bull as its a major key psychological level where both the buyers and sellers will fight to win.Recently the private companies were started
to invest in Bitcoins and in stable coins so BTCUSD will remain in bullish trend
The ichimoku cloud is still in red zone territory and the cloud band was diminishing and it might turn green soon.Buy at current level and the topside target would be 62k
BTC Looking Strong at Higher LevelsBTC is trading near ATH and the price is sustaining at these level, we may see 50K first and it may go to 47k odd levels and then 50K.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BUY BITCOIN @26000Buy Bitcoin @26000 for long
Reason behind for buying pure action ANALYSIS
Sorry for previous analysis failing it was my first faild price action
Hit like if try to catch the momentum
BTC USD- What next for today-27/05/2020?As 8963-70 is a big resistance in 15 minutes chart, and First good support level is 8800, so we can take benefit of both side trade and can make profit… you guys can short from 8965 or near point and can exit near 8800-8830. Stop loss- 9030.
on the other hand can go long from 8800- 8770 from near by First support I.e. 8762-8770 and can exit around 8940 to 9030. Still Bearish trends is more strong.
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NOTE_ THIS IS NOT FINANCIAL ADVICE.
THIS INFORMATION IS INTENDED FOR LEARNING PURPOSES ONLY.
BTCUSDT took support at previews H&S's neckline.BTCUSDT took support at previews H&S's neckline. price touched long time trend holder. extend price target at 13112, 13693.
