We took a look at comparing the 2021 bull run with the 2017 bull run looking for similarities. While many are thinking we're looking at a huge rise after the current drop, it's possible we'll see a rise but a smaller version ending with a blow off top and the end of the bull season.
The previous support which was about $43400 has been broken. However, BTC tried to retrace but failed. The next support for BTC is at $28800. If I'm not wrong we will see it soon. Hope this to be one last hit before BTC moves back to $43400, and break it as well in uptrend.
All Videos/Information on this channel are for Education purpose only. They are not buy/Sell Recommendations. Please consult your Financial Advisor before taking any trade or investment decisions.
This is that there was a success full end of head and shoulder.
Here is 0-5 is what happens after head and shoulder, the time decided here is not calculated it assumed. But this what BTC will do next.
$BTC
For Short in BTC there is link mentioned bellow.
AS per the chart a small channel of upward trend is forming, and if this channel is obeyed then we can see BTC back to 42000$ position by 23rd noon. The verification is done by successful close of Head and shoulder pattern in 4hrs chart, which is mentioned in my previous idea and will be attached in this as well. For long you can see the BTC 4hr idea.
$BTC
All Videos/Information on this channel are for Education purpose only .They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investment decisions .
Do not go long till 45000 atleast is crossed, the fall was too severe and it may again come to the lows. Weekly RSI is slipping below 50 and indicators overall is on a bearish stand. Advisable to stay out atleast till 45000 crosses.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
All Videos/Information on this channel are for Education purpose only .They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investment decisions .
Chart clearly shows second lower support is touched it needs to closed somewhere in middle level mention on my twitter account
if it does then way to go
hopefully it does it.
HOLD
Currently Bitcoin down based on the News and also some panic sellers sold their BTC, at the same time Weekly chart is one of the important factor. BTC/USDT will reach 50,000 USD and above in next 5 Weeks as per our prediction based on Weekly Chart analysis . So you can buy and hold for long time investment.
