Hi Folks,
I have used the bull market support band ( Huge fan of Bejamin cowen ) to trace a possible path for BTC which seems to be in an ascending triangle in daily timeframe.
BTC should test the support band once again and if it "holds the line", it will enter into a price discovery mode. If the on chain data and logarithmic regression pans out, it can easily...
Bitcoin. What I use to gauge the crypto currency market in general. I didnt expect this to be back at 48k so fast. The speed of this gets me thinking we’ll see BTC go higher. 53k is the first level of resistance. 40k is the psychological low level of support.
Bitcoin next move to 47k if it breaks out from 44k
If it breaks down below 41 it will move to 38k , currently it is moving in 40k to 44k.
Comment your opinion to know your views.
Yesterday on 20th September 2021 we saw again a sharp deep in Bitcoin. BTC now trading above $42k. Here I've shown some support levels. We might go for $37k but still market is loooking bullish. Refer this chart and share if you agree. Please mention credit before sharing anywhere.
One of these 3 scenarios are primed to play out in my opinion.
Leverage trade it or dont, make sure to have some dry powder if one of this plays out.
Once again, I think this will be arranged to steal your coins before the biggest bull-run in human history begins.
Good Luck. Charts dont lie.
Following chart is of BTC/USD which shows RSI Divergence Pattern, Buy After it Breaks the @41000 Level, Very Strong Resistance right there.
Also The Targets is huge, so Go Long After Breakout.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
Lets look at all the facts of BTC regarding TA.
On the monthly chart– We have had a evening star formation. This is a Reversal pattern.
Weekly chart – We are in a weekly sell range and Btc is making Lower lows and Lower highs. Currently in a down trend.
Daily – We are in daily sell range.
BTC is bearish for the time being. We have liquidity squeezing inside the...
No surprises yet from Bitcoin. E might itself be forming a small triangle. The break out lines coincide with 20 day and 40 day averages.
The invalidation level is 31225.67.
This is a long term bottom and I expect the prices to double triple from here.
Invest at your own risk.
As you can see the trendline has shifter. Try landscape mode.
The previous pumb was a trap by whales. This is the perfect time to exit and buy more at dip
