$BTC retesting $20,812 support watch it👀, last 4h close not looking good. Current 4h representing fakeout watch given support areas, still no sign of strong support.
BINANCE:BTCUSDT
BTC should go up to $36-$38 k and then slowly go back to 200 period MA which would be around $21-$23k. Only after which it will start it's cycle upwards to $100k
Fundamental Development:- Whether BTC turns the $30,000 to $31,000 level into support depends to some degree on how global markets perform.The last time U.S. stock markets faced a seven-week consecutive downtrend was over a decade ago. New home sales in the U.S. declined for the fourth straight month, which is also the longest streak since October 2010.China saw a...
BINANCE:BTCUSDT at week support and currently consolidating. So movement to both direction is possible. Down trend is current trend so if it break current support a huge breakout can be expected. If it's moving other side take keep trailing stoploss.
Throughout this double top formation, RSI have cooled down and been trading under the oversold zone now. We have good support around $20K, which can act as a bottom. Then we can expect a rally upto $150K
the above is the trend line in yellow which BTC should follow
and below are some support lines where we can expect a bounce from BTC here if there is huge volume candles than only enter at this support lines
Hey Traders
I am today sharing my big picture of btc in upcoming days.IMO 20k level is key level zone now and Price will Definetely going to retest That zone or channel Market Gonna reverse from around october of this year and in next year we are going to make a new ATH i Mentioned the key levels hope Everyone find it helpful
Stay safe
let see how it goes as per my analsysis. i dont have any ivalid point because my LP is far away from my EP. im just targetting for 40k or 40.3k. maybe we can see a good dump from there or if it breaks that shit than well and good. VOLUME IS THE KING AND IVALIDATOR TOO.
