BTCUSDT, If it dips, it dips. Correction Plan
Depends on the that 4h candle dated on 14-Sept.
If dumped and dip to ~10.5k,
Plan B would occur to return new higher high at the Gravitational Line
If keeping and not dip below ~10.7k
Plan A to return to new higher high at the upper band of Up Channel.
In a 4h chart, this particular candle is worth estimated $340....
Bitcoin has broken through $10.560 and found resistance at $10.800.
Now the $10.560 has been retested and the price of Bitcoin is in a Falling wedge, which is a bullish formation.
I expect the gains of Bitcoin to be extended today, reaching $10.800 area.
Bitcoin has broken through 20 and 50 EMA and retested 50 EMA ($10.560), as long as BTC is above...
". There is a possibility of temporary retracement to suggested support line (10371).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BTCUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
BTC has had an extended bullish push up from the March 2020 "Black Swan" lows and by most metrics this recent sell-off looks like just another one of its large corrections the crypto is known for.
As many have noted, throughout the covid crisis most world economies have been printing money like there's no tomorrow nor consequences of doing so (insert "money...
1. Forming a bearish flag
2. Elliot wave: Price could reach wave C (Fib 0.38%) before dropping down to 8480 (Fib 1.618%)
3. RSI on 2H & 1D chart hidden divergence = Bearish
4. MACD below 0 = Bearish
5. Volume: No confirmation yet
#Macro related could justify the drop:
Although many believe BTC is a non-correlated asset, it is still not immune to a liquidity...
BTCUSDT Curves and Accelerates Northward like it had fall the last time.
If it falls out of the arc, trend possibly change.
More obviously if towards 9k mark.
RSI is increasing its rate and its change frequents at the upper band of Stochastics RSI.
Worth a thought that it might rise in a super short time like it had fall the last time.
Alright fellas, currently we are ranging here and BTC is trying to break an 4H - 6H Bearish OB. In case we have a close above this OB above 11500$ region, i will expect going towards the void fill near 11300$ - 11400$. However, rejection here will likely bring us back to the lower OB near 9600$ to grab liquidity for an upmove. plan all your alts trade accordingly.
1st Opinion. 👇
If BTC Successfully Breck Upper , It Could Be Touch 10400 - 10590.Then It Can Be Touch Again 9700 To Fill The CME Gap. I Have Drawn 2 Reistence Here.
2nd Opinion. 👇
If Price Breck Below The Triangle, After Closing CME Gap.BTC Will Touch 9700 To Fill CME Gap. From Here Price Will be Pump.
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