Update For BTC/USD Analysis
Updated
Hey guys of crypto comunity;
I gonna to go deep in BTCUSD analysis, so what is obvious for btc chart in mega trend is that it has started a bullish trend since it was born, probably bcs one of its golden properties that its miners reward always become a half after 4 years , that invented by dear satoshi ..
It has caused a steady upward trend in the mega trend.
although, one cannot always be optimistic about an uptrend or a downtrend.
What I see in this chart, based on price action and moving averages, could still be another upward move for another year. But there is no certainty in the market and no predictions, and Bitcoin can drive the game crazy again and surprise us. So what is important for us is to guess the possible trends of the market ,and after determining the direction of the market join the market, not to fight against it.
Everything is clear in the chart and I do not think its necessary to explain more.
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👉This analysis is my personal opinion and you are responsible for your own trading or investment.💯
💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭
🙏with Best Regards and being successful ❤️
I gonna to go deep in BTCUSD analysis, so what is obvious for btc chart in mega trend is that it has started a bullish trend since it was born, probably bcs one of its golden properties that its miners reward always become a half after 4 years , that invented by dear satoshi ..
It has caused a steady upward trend in the mega trend.
although, one cannot always be optimistic about an uptrend or a downtrend.
What I see in this chart, based on price action and moving averages, could still be another upward move for another year. But there is no certainty in the market and no predictions, and Bitcoin can drive the game crazy again and surprise us. So what is important for us is to guess the possible trends of the market ,and after determining the direction of the market join the market, not to fight against it.
Everything is clear in the chart and I do not think its necessary to explain more.
-------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trading or investment.💯
💜 if you're a fan of my analyses give a big thumbs 👍 OR drop a comment 🗯💭
🙏with Best Regards and being successful ❤️
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Monthly Timeframe :Note
It reacted to white support box level around 53.5k and has bounced. now I think just we need a weekly close on the red resistance zone then a pullback as a trigger.Note
As I've predicted it had a retracement to lower support and shaped by a shadow ,now it can go even down to the next support or go up and into way of determinated targets ..Note
📈📉Already BTC price is about 53.8K❌upper resistance : 56.3___58.7k
♻️current support: 51.6k___53.8k
✅lower support: 46.6___48.7k
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