#BTCUSDT 4 Hour technical Analysis, Possibly a green week ahead?
Updated
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Let's get to the chart!
BTC broke below the triangle and pumped right back inside the channel.
See how crazy this PA is?
Anyways, 37k held.
Weekly closed at $37,770.
What's really important here is BTC is acting weirdly for the last few weeks. Every pump is being sold.
USDT Dominance shows bearish indications which give us a possibility of a green week starting from today.
BTC bounced and got back inside the channel points towards the same possibility.
Let's see how it goes. Flipping to the bullish side for altcoins in the short term could be a smart decision IMO.
I'll be opening some longs based on this logic, as said earlier, USDT.D is also pointing towards some bearish move which is good for the market.
What do you think?
Do let me know and hit the like button.
Thank you
#PEACE
Reasons to Follow me?
*9 Years in Trading!
*7 years in Crypto
*Certified Technical Analyst
*Record Holder of Most liked Bitcoin Chart on Tradingview.
*Consistent updates on Markets and Trade Setups
*No Bias
*All-time Top Author on various assets and index charts globally.
*Very Active Community during both bull and Bear Market
Let's get to the chart!
BTC broke below the triangle and pumped right back inside the channel.
See how crazy this PA is?
Anyways, 37k held.
Weekly closed at $37,770.
What's really important here is BTC is acting weirdly for the last few weeks. Every pump is being sold.
USDT Dominance shows bearish indications which give us a possibility of a green week starting from today.
BTC bounced and got back inside the channel points towards the same possibility.
Let's see how it goes. Flipping to the bullish side for altcoins in the short term could be a smart decision IMO.
I'll be opening some longs based on this logic, as said earlier, USDT.D is also pointing towards some bearish move which is good for the market.
What do you think?
Do let me know and hit the like button.
Thank you
#PEACE
Trade active
Couldn't break the resistance zone:- The pump was instantly sold. Still trading above the 38k zone but a no-trade zone for me. The volume has dried up. Literally, the market is sleeping right now. I don't know how long this will happen.
A close above that red zone confirms the bullish rally.
Trade active
No changes, every pump is being sold! Still sideways. I think it's better to zoom out to htf charts for better understanding.
Holding 39k is good for bulls.
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