still lagging here under 50K and change in momentum will not take time
so better prepare for worst case.
and recently a bug has caused ETH layer division in two multiple chains that may cause double spend attacks too. this news is hot topic for today.
BTCUSDT respecting a particular trendline on 4hr TF and as my earlier posts it is still valid and we looking forward for a good pump if it holds support between the trendline.
And I have kept two most useful MA one is MA8 for BTC's fast movement and 2nd is MA25 which is called savior if price holds above it. Let's see how it goes.
Your view and your perceptions...
Can long BTC:-
Entry :- 49409 or whenever it comes into trend line
T1:-50030
T2:-50541
T3:-50907
T4:-51181
( NOTE :- BTC is in huge volatility today , it is moving any direction so be cautious when making trade )
SET YOUR STOP LOSS ACCORDING TO YOUR POCKET !!!!
Bitcoin Movement August month
From 37K to 50K
(13K Up Movement 50-37=13)
Bitcoin Movement July Month
From 29K to 40K
(13K Up Movement 40-29=13)
Expected movement for September month
Bitcon can reach at 58K to 60K
This chart is only for educational purpose.
If you like my chart give like or comment.
Bitcoin donation address.
13cDaWYHa5G4ckjYyXTBEH4ecg5ogSLYg6
BTC might bounce back after touching the box since it is in the golden pocket zone and with the support of Gann fan 0.5... if the support failed and price falls we might be looking at a potential H&S forming
I don't understand why? It's been a decade and everything crypto falls if bitcoin falls. Imo people should buy alts when btc falls and when btc is about to rise, should move out of alts and buy bitcoin. You get better value in dollars. Wright wrong may be?? Comments appreciated.
beautifully shaked out weakhands here!
now looking for knocking down the 60K wall.
we should never sell at low
I saw people selling during dump and they never know they sold at support. better to learn first.
BTCUSDT respecting a particular trendline on 4hr TF, There we can see 2 times a clear bear traps occurred and currently previous scenario might repeat. However, there is also visible H&S which is mostly a bearish sign, Let's see next candle closing for more confirm movement.
Btc is forming a rising wedge and now it broke down it! the main resistance is 49-50k and the critical support is 45k if hold above it we can expect move upside and can can came back to 40k or even 35k level so trade with tight stop loss. Also we can see a that the rsi is forming a bearish divergence. you can see a similar situation earlier. its better to avoid...
I think BTC might come to test to the 42000 support, and then it will go to the moon. one thing to notice, there is a RSI divergence in daily chart, which signals that a pullback may occur.
