#BTCUSD Eyes on $39,400 .. Here's Why?
Updated
Welcome to this quick Bitcoin update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
ALSO, THANK YOU FOR YOUR SUPPORT SO FAR.
MY LAST BITCOIN UPDATE which played accurately IS TRENDING AT NUMBER ONE in UK!
Let's get to the chart,
Bitcoin is trying to break the 41k level and getting rejected multiple times.
As per the chart, BTC already broke out with a successful close above 39400.
ALL WE NEED IS BTC TO STAY ABOVE 39400 in order to remain bullish.
However, it's important to be careful when you see 7 green daily candles in a row you can expect some red as well.
ALTHOUGH THE CHART IS VERY BULLISH We need to be careful here with leveraged positions.
Conclusion: BTC is bullish and must continue to the upside. Expect some consolidation down the line.
The invalidation would be a daily close below 37.4k.
If this happens all this pump would end up being a parma BULL Trap! That's unlikely IMO. So chill out :)
Upper Resistance Levels are:-
$44810
$47445
$48986
What's your thought on this?
Do you think Bitcoin's new ATH is coming?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
ALSO, THANK YOU FOR YOUR SUPPORT SO FAR.
MY LAST BITCOIN UPDATE which played accurately IS TRENDING AT NUMBER ONE in UK!
Let's get to the chart,
Bitcoin is trying to break the 41k level and getting rejected multiple times.
As per the chart, BTC already broke out with a successful close above 39400.
ALL WE NEED IS BTC TO STAY ABOVE 39400 in order to remain bullish.
However, it's important to be careful when you see 7 green daily candles in a row you can expect some red as well.
ALTHOUGH THE CHART IS VERY BULLISH We need to be careful here with leveraged positions.
Conclusion: BTC is bullish and must continue to the upside. Expect some consolidation down the line.
The invalidation would be a daily close below 37.4k.
If this happens all this pump would end up being a parma BULL Trap! That's unlikely IMO. So chill out :)
Upper Resistance Levels are:-
$44810
$47445
$48986
What's your thought on this?
Do you think Bitcoin's new ATH is coming?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
Note
BTC needs to close above the resistance trendline in daily to continue the bullish momentum.Bitcoin is facing resistance right now.
Let's wait for the daily close for a confirmed breakout.
Stay tuned
Note
BTCUSDT 12 Hour Chart: The 12 Hour chart looks way better than other TFs tbh.
It is holding the trendline support after the breakout.
IMHO, BTC must continue its uptrend.
Note
#Bitcoin: Looks like the journey is going to be shaky.This candle closes in 2 hours 40 minutes.
We need to close above the
39K level for the bullish momentum.Note
All we need is a daily close above this trendline resistance.
Until then BTC looks weak.
The weekend is near I don't know If should stay bullish.
Better not to hold many positions as I said earlier today.
We will wait for BTC to show us direction in order to enter trades.
Stay tuned
Note
BITCOIN IS READY FOR A MEGA RALLY BUT ON FEW CONDITIONS: READ THE LATEST UPDATE BY CLICKING ON THIS CHART.
Trade active
BTCUSDT Hourly: BTC must retest to the $40200 level by the end of this weekend.
I am closely monitoring the upcoming weekly candle close.
Stay tuned
Trade active
#Bitcoin : Hit a $40600 low a few minutes back. I was waiting for this retracement as I told you.
IMHO multiple retests are likely before the weekly close.
We need a close above 41.2k level.
This will confirm an uptrend in Higher TFs too.
Let's wait for the weekly close I'll keep this chart updated.
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