3200 dollars is the greatest support ever existed, Currently, Bitcoin is trading near 8000 dollars and a breakout above 8k dollars can take BTC to 10k dollars which is major resistance. We need to break 10K dollars with high volume for bullish confirmation.
just my own prediction (may or may not be correct)
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Long Above 7150
Short Below 6850
Disclaimer: Invest Money at your own risk. This analysis just for knowledge
in this chart i define the BTC big breakout which happen soon in any side, i marked both side hieght how much it goes it breakout done, if price goes up we come in bull trend & if price goes done then we faced last downtrend with bottom.
Whoever longed after my call in xbtusd ,i think he will be very happy...Cheers.
I think the pump is over now.
So next step is to short.
Lets chase the target 2.
Happy trading.
I am not giving any financial advice.i am just publishing my idea.
As we can see in 1D chart we are clearly in a Symmetric triangle.
Its target on the upside is 5700 $ (less likely),
and on the downside is 2550$ .
Now , lets us analyse the current situation,
we can see in 4H chart we had a whooping 350$ - 400$ pump
after breaking the falling wedge.
It wants to test the 3800$ resistance (more precisely 3789$)
but the bulls look...
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