BTCUSD in the monthly chart showing the double top
and now the question is that. is this is an indication of btcusd to fall down or it will break the pattern and go higher from the past record or is it going to shift more downward which no one expected! it will be a great time if it falls to take a bearish trade! we have to wait for the confirmation to enter in trade !
BINANCE:BTCUSD has started showing some recovery after China's news. BTC had touched 30k levels twice in the last one month. Now I can see there is one immediate resistance visible at 41000 levels.
Bitcoin is hot cake due to its current investments from Elon Musk which the firm confirmed 1.5 billion dollar investments in bitcoin.
Technicals
1) BTCUSD had formed cup and handle pattern on 4 hour and broken strong resistance .
2) Falling wedge on 1 hour chart
3) Currently has retraced to 0.23 fib levels
4) RSI is greater than 50 which indicates strong...
I hope you can now see how BTCUSD represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
Topic - - BTCUSD Trade
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WE are looking BTCUSDT Positional Sell towards Target Of 27000
Its purely Based On Cycles
It might Hit Before MAY end (Its just Expectation)
48000 Level We keep Stop Loss
today i am sharing btcusdt analysis. i am prediciting first btc will go 32300 then it will go upto 62500 then it will come around 30k again and form a range and then it will follow the 95k target
thanks
This is just an idea of BTCUSDT, If market fall again and where it will go next and where to enter ..
this is not a financial advise.. Do your own research before investing
This is an analysis of BTC in worst case scenario
1. We can see a divergence in 1D chart where price creating a LL and RSI is creating a HH
2. AB=CD patterns show market likely to reach 1st...
If you were following my status update, then you know I was expecting 48/45/42 when BTC was around 56 and suggested cash out your major alts except which are bought too low. Fortunately, this move has not damaged the alts much, and many alts didn't make lower lows.
Coming to the BTCUSDT, it is at major support, in case this holds we can see new high. But, it is...
