BTC has left some business behind after sharp spike up, in opinion it should retrace very soon to take out sell SellSide to continue run to the upside with very strong W LQD Pools resting above. At the moment i wan to see more action in price for a few days first before i make strong decision where price would navigate, Stay safe.
in this TA we can see that dodge has passed the resistance no.1 and is aiming for resistance no.2(as i said in the picture)
i dont have the best TA so please correct me if im wrong. have a nice day
This is my new short position on BTCUSDT, price of BTC has been going up very fast for the past few days, and now it seems to have reached exhaustion, in sharp uptrends this usually means a ranging market is coming for the next few daily candles or a retracement to touch some important moving averages and to gain more volume to continue going up.
This could be a...
Don't get too excited over a 10% price jump within a 25% price correction. We still have to break this EXTREME resistence at 49-50k.
Not only is there major resistence on many trend indicators, but Bitcoin had also broken below two parabolic curved lines following its bullrun which currently is at around 50.1k and stands as a potential major rejection point on...
As we can se Bitcoin has been trading within the large rising wedge which was a dead-cat bounce that had topped at 53k.
Right now we have broken the key support and are most likely headed to 28k or even lower, however we have to pay close attention if next few daily candles close above 44-45k region which would indicate that the low 40k levels acted as strong...
![BTCUSDT: BTC [Bitcoin] Just broke key resistence, headed to 20k](https://s3.tradingview.com/q/QUgPVRXo_mid.png "BTC [Bitcoin] Just broke key resistence, headed to 20k")