bitcoin Exclusive analyze 15dec by Daniyal Daraei
after Breakout from Btc Pennant (1dec to 8dec) and after having great support on 17650, now btc reached to 19k again and attacked to 19500 resistance , and after rejection from 19590$, it makes ascending triangle (that you can see)
if Btc could breaking out the 19500$-20k resistance it can simply reach to 22800$ before 2021 and on other hand , on bearish side, if it getting out of triangle from downside it can reach simply to 16500 and then get to last line of defense16181$.
however we have extreme greed (fear and greed index) and it takes too long on greed and extreme greed , by any movement from downside it could made FUD on crypto market but i think there is low odds for this.
on other hand we have an bearish divergence on RSI (you can see this on analyze) and by breaking that we can get this a sign of being bullish to reach more than BTC ATH.
this idea will get Updated. Like it ;)
Good luck Fellas.
-DaniyalDaraei
if Btc could breaking out the 19500$-20k resistance it can simply reach to 22800$ before 2021 and on other hand , on bearish side, if it getting out of triangle from downside it can reach simply to 16500 and then get to last line of defense16181$.
however we have extreme greed (fear and greed index) and it takes too long on greed and extreme greed , by any movement from downside it could made FUD on crypto market but i think there is low odds for this.
on other hand we have an bearish divergence on RSI (you can see this on analyze) and by breaking that we can get this a sign of being bullish to reach more than BTC ATH.
this idea will get Updated. Like it ;)
Good luck Fellas.
-DaniyalDaraei
Trade active:
after breaking 19500 resistance and then breaking out 20k resistance btc breaking out ATH and 23,576 could be a Target for BTC
Trade closed: target reached:
Target Reached
for now.
next resistance 25k psychological
for now.
next resistance 25k psychological
Comment:
19500$ is support toooooooooooo strong! for now!!
