#BTCUSDT READY TO BOUNCE! DON'T PANIC!
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I also post altcoin setups on Spot, Margin, and Futures .
Let's get to the chart.
Bitcoin dumped all the way to 37.7k level and bounced to maintain the $38.2k level which also happens to be the 21D MA in daily.
IMO, We must see some bounce anytime.
FOR THE TREND TO REMAIN BULLISH we really need a close above the 38.2k level and eventually 41.5k level for a new ATH.
If these things don't happen soon, it's highly likely that BTC could make a new Low below 27k level.
In the green box at the right hand bottom of the channel.
Invalidation: Just like I said in my last update, Daily close below this level could take BTC to 35k level.
What's your thought on this?
Do hit the like button and share your views in the comment section.
Your likes and beautiful comments encourages me to make more free content for the community. I hope it isn't much to ask.
Stay safe
#PEACE
I also post altcoin setups on Spot, Margin, and Futures .
Let's get to the chart.
Bitcoin dumped all the way to 37.7k level and bounced to maintain the $38.2k level which also happens to be the 21D MA in daily.
IMO, We must see some bounce anytime.
FOR THE TREND TO REMAIN BULLISH we really need a close above the 38.2k level and eventually 41.5k level for a new ATH.
If these things don't happen soon, it's highly likely that BTC could make a new Low below 27k level.
In the green box at the right hand bottom of the channel.
Invalidation: Just like I said in my last update, Daily close below this level could take BTC to 35k level.
What's your thought on this?
Do hit the like button and share your views in the comment section.
Your likes and beautiful comments encourages me to make more free content for the community. I hope it isn't much to ask.
Stay safe
#PEACE
Trade active:
We got a close above 39k level in daily
85D MA holding strong.
This seems to be multiple retests of the resistance turned support rendline.
I expect this level to hold by the daily close.
Altcoins are doing well the last few days.
Even today but the way BTC is reacting right now, It's a "no trade zone" for me.
We got a close above 39k level in daily
85D MA holding strong.
This seems to be multiple retests of the resistance turned support rendline.
I expect this level to hold by the daily close.
Altcoins are doing well the last few days.
Even today but the way BTC is reacting right now, It's a "no trade zone" for me.
Trade active:
Bounced right off the support level. It was inevitable.
What can we expect now?
Bitcoin can do some ups and downs here but ultimately as the weekend comes near we need it to close above $39,320 in order to hold the bullish momentum.
To be honest, BTC must start a rally from here but I reckon it's not going to be that easy.
I'll keep this chart updates. Stay tuned
What can we expect now?
Bitcoin can do some ups and downs here but ultimately as the weekend comes near we need it to close above $39,320 in order to hold the bullish momentum.
To be honest, BTC must start a rally from here but I reckon it's not going to be that easy.
I'll keep this chart updates. Stay tuned
Trade active:
BITCOIN QUICK UPDATE: Bitcoin is trading above 45k. DAILY CLOSE ABOVE THIS LEVEL IS ALL THAT WE NEED right now.
Started with a bloody Monday and finally, BTC is pumping like crazy now.
Need to be careful in the short term. The chart says 49k is imminent within this week.
BITCOIN QUICK UPDATE: Bitcoin is trading above 45k. DAILY CLOSE ABOVE THIS LEVEL IS ALL THAT WE NEED right now.
Started with a bloody Monday and finally, BTC is pumping like crazy now.
Need to be careful in the short term. The chart says 49k is imminent within this week.
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