$BTC #BTC Given resistance range at $16,750-$16,905 in effect, resisted throughout the weekend. Last 1W closed very bearish as expected. Continue watching given support and resistance areas, must regain $17,301 to reattempt at $18,261.
After a long bearish phase the gold has entered in a nearby old institutional buying area and again smart money has started building there positions.
there is high chances that it will retest the ''smart money'' area and then we may see again a mid-term bull run in gold.
NOTE- Watch My Previous Article if you want to know about Previous TP & SL in BTC Perpetuals
Let's move further and analyse the current chart ,so as u guys can see i have plotted some key levels as mentioned below ...
A trendline which is acting as resistance ATM
A sideways Channel that indicates sideways move on the chart
Our Last TP as mentioned in...
$BTC #Bitcoin as expected visited $16,750 and broke below dropping to $16,526. Bearish engulfing followed thru on last 1D close as expected. Next supports to watch $16,155-$16,383. $16,750-$16,905 resistance will come in effect from here. Current 1W looking ugly awaiting close.
$BTC Fakeout at $17,999. $17,592 support holding as of now, last 1D closed very bearish, possible bearish engulfing on 1D. $17,301 support crucial to hold. Continue watching given S/R areas
$BTC As expected bullish engulfing $17,592 tested and broke, $17,999 resisting as of now. $17,592 tested on 4H and held, requires continuation from here to ensure progressive climb. 1D close looks beautiful, $17,592 support to watch on 1D, $18,261 could be key resistance
Since the start of December, Bitcoin has formulated a strong consolidation range between the price level of $17K and $17.5K. This could be a positive interpretation as compared to its performance during November end.
It could be noted that BTC is facing strong resistance above the 0.736 FIB level on the Fibonacci retracement table. The price level had also...
$BTC Given resistance at $17,301 held strong during the weekend. $16,905 support being tested. Last 4H followed up the bearish engulfing from last 4H close. Both weekend 1D closed bearish, Watch $16,750 support for test if current 4H turns bearish
We are seeing that #BTC is going all the way Down ๐ but it is a Fake-Out ๐ after going $16800, It will PUMP HARDD ๐
December will be ROCKET ๐๐๐
BINANCE:ANKRUSDTPERP
ANKR Good to long at breakout.
Expecting a small consolidation and breakout.
FOLLOW FOR MORE
FROM: ๐๐๐โ๐๐ธโ๐พ โ๐๐ธโโข๏ธ
#BTCโฏโฏโฏ/USDT ANALYSIS
BTC is consolidating in a bullish pennant between the narrow range of $17,280 to $17,320.
A solid breakout of the bullish pennant and a break above the horizontal resistance will give a bullish confirmation for a target of $18,200.
$BTC WOW! Flip the bearish engulfing last 1D closing bullish. Attempted at $17,301 currently struggling at the resistance since more than 12 hours. $17,097 support yet to tested, if bullish engulfing followed thru today we could see $17,592 test. Weekend approaching
BINANCE:DOTUSDTPERP
possible move to upwards movement
long at the handle breakout
FOLLOW FOR MORE
FROM: ๐๐๐โ๐๐ธโ๐พ โ๐๐ธโโข๏ธ
$BTC Hanging on $16,750, bearish engulfing on last 1d close. Looks weak $16,750 at high risk. Watch $16,155-$16,383 for support if bearish engulfing followed thru.
took this trade earlier, my poi will be towards 16500's for now to start looking for any longs !
i try to stick to basic pa with minimal help of technical analysis for taking all my trades. also , for this trade, i had set a limit order because it was a high conviction setup even though usually im against it.
will keep updating the challenge here occasionally!
