hi guys
just a quick overlook on the daily btc chart from ath horrible sight to see three bear flags one after the other inside of a falling wedge since atheach time we broke previous flags we had near enough the same drop of around 45% we have broke out of our latest flag are we going to see another 45% drop in price to the 14k mark its possible given the...
$BTC Told you $19,535 retested as expected. 1D Close bullish and last 4H too but unable to follow thru, $20,338 resisting. $20,338-$19,535 Moving range remains in effect.
$BTC $20,338 continues to resist, last 4h close with bullish engulfing. Today's daily needs to be closed above $20,338 for bullish close. Attempt to test $20,812 yesterday failed, continue watching given S/R areas.
$BTC $19,535 held and bounced back towards $20,338 which is currently resisting. $19,894 current support. Last 1D close with bullish engulfing signaling possibility to test $20,812 resistance. Continue watching given S/R areas.
BTC was trading in a bear flag from a long time and now we see that it has broken the support and currently trading around local support of 19500-20000, we may see more fall towards last time low 17600-18000 level, if BTC holds this major support then we may see a bullish sign, or more downward movement to 14k maybe seen.
The overall market conditions are falling into the bear trap towards the end of August. The past monthly performance of BTC suggests that the upcoming month of September is said to be bearish and the build-up is witnessed during the end of August. Pretty much similar happening in the current market scenario.
Moreover, after a negative breakout from the rising...
Bitcoin (BTCUSDT) is currently trading in the $20785 range, the price of Bitcoin approaching the Multi support level. If the prices stay above $20600, BTC could reach $21990. If Bitcoin falls below the multi-support level, it could fall to $19660.
Comment your direction $21990 or $19600
$BTC $19,535 support in effect, Key support at $17,999 if continues to drop $17,999 will come in effect, Weekly close bearish with comply follow thru of bearish engulfing from last weekly close. Next support areas if drops further below will be $19,003-$18,529.
$BTC oops😂😂, Warned you two days ago, $20,812 retested and broke. $19,894 Support came in effect, $21,791 resisted and raised hell. 1D close put bearish engulfing of course. $20,812 will turn and resist whenever $BTC changes it's direction towards up.
