All Targets Achieved | 26% in just 29 days | Bitcoin |
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Bitcoin made two breakout attempts recently. The second breakout failed and this failure is indicative of more downside in the coming days.
Supports that are well in target are just 6 to 8% away and lie close to 49k to 50k. A strong support of rising 200ma is well in sight. This range seems like a good support zone. The confluence of trend line support and...
Bitcoin formed a bearish reversal chart pattern called double top. Double top chart pattern is completed in five weeks and also got price and volume confirmation.
Sell below 57800
Stop Loss 67500 (SL above shooting Star)
Trail SL 61200 (If price goes below previous low dated 22 Nov 2021)
Keep selling Bitcoin below 32600 with stop loss abv 36800 for target of 18400-16500 and 14200-12500 zone.
If you buy an unnecessary item then you will end up selling your necessities.
Disc : it's not an investment advice to buy or sell
#Btcusdt is having sideways structure at short time frames.
Whereas bearish high time frame structure till it is below 42000 Levels.
Bitcoin resistance is 42000 support is 30000.
Conclusion , Dont expect market to be bullish. Bitcoin & market is having good situation to be at sideways/bearish until btc is below 42000. trade only short term if you Have good...
BitCoin – Next Tulipmania?
Selling Pressure is seen in BitCoin after Elon musk announcement.
Chart is around its major support level.
If 39520 breaks on weekly basis then Prices will easily reach 26650.
Extended target can be 19100.
If the above condition fails then good reversal is also possible from current level. So keep your stop losses as per your risk...