BTC/USDT : Are we reached dip already ? Full analyzes
BTCUSDTHello everyone 😃
On this article I wanted to share my personal vision about BTC's direction and some of the signs that calls for another drop.
We'll talk about :
- BTC/USDT : 1Day chart
- BTC/USDT : 3Days chart
- BTC/USDT : 1Week chart
- BTC/USDT : 1Hour chart
- BTC/USDT : 1Day chart
BTC has reached the FIBBO 0.382 on daily TF, Have to mention that the retracement is bearish and so, You have to look for resistance zones to take SHORT on them.
Now, BTC is going to retest 37K or lower if it breaks...
I'm still predicting the bull continuation, If we don't breaks below 27K.
🔰 But in my opinion there is a high chance to reach the dip again, Cause BTC engulfed the $31850; And so the retest for 27K zone is still predicted....
-BTC/USDT : 3Days chart
As you can see, 3D chart is so important for BTC.
MA100 has helped the pair to recover the losses and now EMA20 is going to cross below MA50 if current candle close below 37K,Then we'll see the confirmation on crossover, And it can cause more continuation on downtrend.
Also RSI has been controlled by a bearish trendline...
🔰 We can say that If current candle and the next one closed higher than 37K level, Then we can think about breakout on fifth breakout attempt on RSI !
- BTC/USDT : 1Week chart
Weekly chart can lead the status of BTC for next month !
It seems that June's weekly candles are really important for both sides ( bulls & bears ).
Currently; MACD is bearish and RSI is located at ~47, It seems that bears has took the lead and there is a resistance around 54 on RSI.
Also there is a ascending triangle on chart which can help bulls to reclaim the bullish levels again !
🔰 Have to mention that Bulls need to hold above this level, Or they will get REKT, Cause there is no support on weekly chart till 19K (last ATH's resistance).
- BTC/USDT : 1Hour chart
1Hour's chart is much more volatile on 1st view.
It's currently standing above Daily MA50 and there is bullish order block on 4H TF which will supporting BTC in the range of ( $38250 - $37520 ).
But on other side; BTC is located below Dily MA200 and bearish pennant, Also hourly MA200 is rejecting the pair !
🔰 So if current order block didn't support the movement, Then the 1st target might be 36.5K
📌 At the end, you can see that structures are still remain bearish and recent engulf below $31850 is confirming the retest on 27K.
However we need to take advantage on mid-term too ! Actually I didn't gained anything in past days, Also I lost 1.6% of my portfolio.
So it suggested to be very mindful of our emotions, The Super Blood Moon is here !
📚 Based on astrology knowledge, There is a high possibility for BTC to dive again but we can't predict the exact time and direction !
Also We will face a high volatile market on next month.
Hope you enjoyed our analysis about Sentiment view on BTC's possible directions🙌
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Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
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