BTC finally had a bullish breakout out of the descending triangle which has been forming since 19th May..
Initially there may be resistance around levels of $42k, $45k, $50k (this should be the easiest) and $57-60k. The thickness of band indicate the strength of resistance that may be offered..
Finally happy to see BTC continuing its bull run ..
Hello guya i had find this trade setup 4h timeframe which made double top in 4h and broken trendline we are getting a good opportunity to short with above sl and tg at near support and plzz do our won analysis before taking any position if you like my analysis plzz like share and follow thank you
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.
1) Long if it comes at discount.
2) Potential trend reversal happening at 15 minutes level.
3) Inside a ranging area.
4) CMP to enter the position: 50120.
SL : 49700.
TP1 : 50450
TP2 : 51000
This is just a short term outlook looking at previous trend patterns of BTC buy-sell cycles on a period of 3 months. A basic extrapolation of fibonacci levels can indicate short term long strategies of 2-3% upside over a period of 7-10 days. Let me know what you think.
We hit another milestone today with a new All-Time High for Bitcoin, BTCUSD. 👏
(Hit LIKE! 👍)
This new high is now set at $60,419 with higher prices insight.
On the 12th of March 2020, Bitcoin hit a low on BitStamp at $3850.
Ever since this low was hit, Bitcoin has been printing higher highs and after July 2020 we've been having a massive run.
Like I mentioned...
Looking overbought now, buyers need to be cautious at tops.
Note - Don't take it as a short opportunity.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BTC is currently ranging in the flag like pattern. After making it's third touch down the pattern and there is a support as well, and there is high likelihood that the price will bounce.
I am analyzing BTC on one of the followers request, if you want to analyze any of your stock please message me.
Bitcoin is trading in a pattern and it's reaching to the level to Explode, this move can be very fast so safe traders shouldn't take this.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BTCST hit $1000 the minute it came live, now it's at around $72, it hit 114 at one point, could it hit 100 again, hell yeah! I am stocking up on it on every dip it has! I'm long on it!!
