#BTC exclusive long term update: must read!
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#Bitcoin Long Term Technical Analysis:-
In this weekly time frame, BTC is trading inside this expanding triangle pattern and is currently at the lower level of this pattern.
Which is at 1428D long Strong support also BTC must hold this level. If BTC breaks down to this level then $11k to $12k is the next stopping point.
I am accumulating BTC in this range and what if BTC drop towards 11k to 12k then I will buy more, no one can catch the accurate bottom.
TARGET:- 73k, 90k, 120k,
This is not a piece of financial advice.
(DYOR)
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#Bitcoin Long Term Technical Analysis:-
In this weekly time frame, BTC is trading inside this expanding triangle pattern and is currently at the lower level of this pattern.
Which is at 1428D long Strong support also BTC must hold this level. If BTC breaks down to this level then $11k to $12k is the next stopping point.
I am accumulating BTC in this range and what if BTC drop towards 11k to 12k then I will buy more, no one can catch the accurate bottom.
TARGET:- 73k, 90k, 120k,
This is not a piece of financial advice.
(DYOR)
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Comment:
This flow was from Binance Pegged-Bitcoin(BTCB) reserve to the Binance cold wallet.
Our team has managed Binance's exchange hot/cold wallets and BTCB wallets separately.
127,351 BTC moved from the BTCB wallet to the Binance cold wallet and the BTCB reserve received 68,200 BTC from the cold wallet after 44 minutes. In total, 59,151 BTC unpegged from BTCB and flowed into Binance.
bitinfocharts.com/bi...MsASk2jkn69LWEYKzexb
Our team has managed Binance's exchange hot/cold wallets and BTCB wallets separately.
127,351 BTC moved from the BTCB wallet to the Binance cold wallet and the BTCB reserve received 68,200 BTC from the cold wallet after 44 minutes. In total, 59,151 BTC unpegged from BTCB and flowed into Binance.
bitinfocharts.com/bi...MsASk2jkn69LWEYKzexb
Comment:
In a one-hour time frame, we can see that BTC is forming this descending triangle pattern which is a bearish pattern. If we break out this pattern then we have 15 K and 13 500 as support.
RSI and MACD are ALSO SHOWING SOME BEARISH diversion moves.
But we won't know the next move until we break out or breakdown.
Stay tuned I will keep updating.
RSI and MACD are ALSO SHOWING SOME BEARISH diversion moves.
But we won't know the next move until we break out or breakdown.
Stay tuned I will keep updating.
Comment:
As there have been many expected crises in the crypto market recently, it is likely to be a side-crawl for at least weeks to months rather than a short-term reversal of the rise.
If the price of 13 to 14K, which is an important price support line, is kept when further falls, BTC is likely to rebound. However, if even 13k leaves, it can plunge to 10k, which is an important volume profile.
As there have been many expected crises in the crypto market recently, it is likely to be a side-crawl for at least weeks to months rather than a short-term reversal of the rise.
If the price of 13 to 14K, which is an important price support line, is kept when further falls, BTC is likely to rebound. However, if even 13k leaves, it can plunge to 10k, which is an important volume profile.
Comment:
#BTCUSDT:- No changes, nothing to update.
Comment:
#BTC UPDATE
BTC breakout this symmetrical triangle pattern and currently retesting it, according to the pattern BTC can bounce 18% from here.
Let see how the market reacts in a few hours.
Stay tuned I will keep updating
BTC breakout this symmetrical triangle pattern and currently retesting it, according to the pattern BTC can bounce 18% from here.
Let see how the market reacts in a few hours.
Stay tuned I will keep updating
RSI is Printing Bullish Divergence as well.
In Case of a Bounce Back from here, Bitcoin Might test the 22,800 Resistance in Late November.