#BTC/USD READY FOR $40K? Extensive Analysis.
Updated
#BTC/USD Extensive Analysis You don’t wanna miss!!
Hello friends, Happy New year to all of you.
As Tonny Robins said The secret to wealth is simple: Find a way to do more for others than anyone else does. Become more valuable. Do more. Give more. Be more. Serve more. I’ll do my best for you all. Not just because wealth is what I want, I want you all, my friends, to be wealthy and make the most of this financial revolution. I believe we’re in the best time of the century were we have the ability to control and change our financial life. All that we need is a bit of passion, burning desire, hardwork, dedication and discipline.
Please support me with you likes , shoot me a follow and share this important chart with your friends.
I’ve been watching the fractals for a very long time and I see them repeating over the time but is it possible in the long run?
Yeah might be, we have had many of them already. Now let’s come to our Chart reasons why I see a rally is imminent.
REASONS:
1. BULLISH CHANNEL/ FLAG / FALLING WEDGE PATTERN: When we see a weekly chart it shows the sentiment of the people with a long term perspective WHICH MAKES THIS CHANNEL VERY BULLISH and in the same time important. All that we need is a breakout which will be bullish, what matters is when. Well as the chart shows I see this happening soon (within April).
2. 200D MA: We’re trading above the 200D MA which is itself a very bullish indication.
3. FRACTALS: When it comes to TA, fractals are every important and you can’t ignore these, since they’re very important to be kept in mind. It’s not a guarantee that it will repeat but we need to be ready for every probable move right?
4. HALVING AS A CATALYST: We know this right? We’ve read many articles on this and we know how it affects the growth in price. Supply goes down 50% and the demand is increasing everyday when we’re witnessing more awareness and adoption.
5. RSI: We had the bullish divergence already when we hit the lows around 3k. Since then RSI has been positive and we are well above the support line. Unless that support line on RSI indicated by an arrow breaks we are good.
6. LONG TERM SUPPORT LINE : As you can see I’m the chart the orange support line which indicate the long term support since feb 2013 which previously acted as a Resistance around sep 2011 to Feb 2013. So a support line since 7 years !!! And we touched and had a very bullish move to the upside and when did we touch that trend line? Twice! Observe in the chart, around $3200 and recently around $6400. So I speak what the chart says no bias.
Keeping in mind all these reasons we see the most important indicators are pointing towards a rally which is imminent. I’ve been saying in my updates that a breakout is incoming.
A short message to new traders: Take it as a word guys if you’re not pro or even an average trader you shouldn’t trade Btc margins or short term trades. Even holding a single BTC could bring you fortunes in the future.
With this update I want to let you know be ready for the best year of your life.
2020 is gonna be great, keep following and supporting me. I’ll be coming up with the ideas regarding Alts soon.
If you find any faults, errors or things that I must have missed please share your ideas and comments.
Stay tuned and have a look to my other charts (links given below). Till then Happy new year to you and your family.
Hello friends, Happy New year to all of you.
As Tonny Robins said The secret to wealth is simple: Find a way to do more for others than anyone else does. Become more valuable. Do more. Give more. Be more. Serve more. I’ll do my best for you all. Not just because wealth is what I want, I want you all, my friends, to be wealthy and make the most of this financial revolution. I believe we’re in the best time of the century were we have the ability to control and change our financial life. All that we need is a bit of passion, burning desire, hardwork, dedication and discipline.
Please support me with you likes , shoot me a follow and share this important chart with your friends.
I’ve been watching the fractals for a very long time and I see them repeating over the time but is it possible in the long run?
Yeah might be, we have had many of them already. Now let’s come to our Chart reasons why I see a rally is imminent.
REASONS:
1. BULLISH CHANNEL/ FLAG / FALLING WEDGE PATTERN: When we see a weekly chart it shows the sentiment of the people with a long term perspective WHICH MAKES THIS CHANNEL VERY BULLISH and in the same time important. All that we need is a breakout which will be bullish, what matters is when. Well as the chart shows I see this happening soon (within April).
2. 200D MA: We’re trading above the 200D MA which is itself a very bullish indication.
3. FRACTALS: When it comes to TA, fractals are every important and you can’t ignore these, since they’re very important to be kept in mind. It’s not a guarantee that it will repeat but we need to be ready for every probable move right?
4. HALVING AS A CATALYST: We know this right? We’ve read many articles on this and we know how it affects the growth in price. Supply goes down 50% and the demand is increasing everyday when we’re witnessing more awareness and adoption.
5. RSI: We had the bullish divergence already when we hit the lows around 3k. Since then RSI has been positive and we are well above the support line. Unless that support line on RSI indicated by an arrow breaks we are good.
6. LONG TERM SUPPORT LINE : As you can see I’m the chart the orange support line which indicate the long term support since feb 2013 which previously acted as a Resistance around sep 2011 to Feb 2013. So a support line since 7 years !!! And we touched and had a very bullish move to the upside and when did we touch that trend line? Twice! Observe in the chart, around $3200 and recently around $6400. So I speak what the chart says no bias.
Keeping in mind all these reasons we see the most important indicators are pointing towards a rally which is imminent. I’ve been saying in my updates that a breakout is incoming.
A short message to new traders: Take it as a word guys if you’re not pro or even an average trader you shouldn’t trade Btc margins or short term trades. Even holding a single BTC could bring you fortunes in the future.
With this update I want to let you know be ready for the best year of your life.
2020 is gonna be great, keep following and supporting me. I’ll be coming up with the ideas regarding Alts soon.
If you find any faults, errors or things that I must have missed please share your ideas and comments.
Stay tuned and have a look to my other charts (links given below). Till then Happy new year to you and your family.
Note
SO FAR it has been following the idea. Halving is near just 100 days seems we're ready for the bumpy Ride. :)Cheers
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Coincatch:- bit.ly/15000USDTBonus
Bingx:- bit.ly/4000USDTBonus
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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