I have already shared a daily timeframe idea of BTC yesterday. This is just an other view with Fib retracements from the March 2020 corona dump to current ATH. And the golden pocket and 4H demand are in a confluence. I think we will bounce from there.
This is the spot chart of BTC from Binance, yesterday I shared futures chart of BTC there will be very slight...
Possible 3 scenarios for BTC in daily timeframe from my perspective.
Path 1 (Green) : If we break past 40k and get a proper close. We will go to 51-53k range and come down to retest 40k for support and move up more.
Path 2 (Blue) : There is a strong possibility for us to go down and get some more liquidity in order to move up. So if we bleed 26k range (4H...
There's 3 reason.
1) There is weakness in selling
2) Bitcoin dominance on the increase
3) The lower bitcoin falls, the more interest there is to buy.
If we're break 58k so the next Target is 68k but after test 58k again.
Buy when people afraid and sell when there's in trust.
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A third bounce off the upper trendline of this Ascending Broadening Wedge would be a bullish confirmation. We have not yet touched the upper trendline since the 15th of January so trading this from here would be quite risky.
Unfortunately, Bitcoin was seemingly rejected just south of the Ichimoku Cloud on the 18h timeframe.
Until we see more bullish...
Yes guys BTC and the whole crypto market is moving upwards smoothly right now
Lots of coins closed above key levels on the daily, XLM, Link, Eth and BTC for example causing buyers to enter
BTC has hit the 3.618 fib retracement which was summoned from a recent breakout trade. Not much else to use to create levels of SR at these price discovery levels
If BTC can...