Hello friends and lovers of BITCOIN, Today I bring to you a new analysis and update of my last analysis,
I am very excited, and here is my reasons.
For over 2years of struggling to read a chart, After my first chart on XRP/BTC was a disaster. I promised myself never to give up(my first chart still bare the story). after two years I finally made my first real prediction that took me up to a week to finalize, of-cause I was a bit worried about what reaction I will get from other traders, but after two years of struggling and studying I told myself it is time and from that call of BTC reversal of 6400 to 10080 to 8100 all my calls has hit like wild fire that so far so good, the last analysis A-B-C Pattern played out beautifully well and as expected BTC reacted to the pink bear zone @10080 which lead to the recent last dip to 8100.
I am telling my story to inspire a newbie who is about to give up because of constant failure or taking the wrong trade.
YOUR DAY WILL COME, DON'T GIVE UP!
here is the first chart that changed everything for me
Today I bring another Multi Timeframe charts to you starting from 30mints, 1hr, 4 hr and 1D charts. Kindly leave your likes behind to encourage my future Analysis.
Before I start, I will like to apologies for my terrible English but please do bare with me as I am still trying to improve my english writing. I will do my best to explain this the best way I can, Kindly like my post if you find my work helpful or agreeable.
Recap of my last analysis on BTCUSDT
BTCUSDT
PREDICTED PUMP FROM 6400 TO DUMP FROM 1080 BY ME ALL ALL PALED OUT SUCCESSFULLY
I am happy to say that the A-B-C Pattern played out well.
BUT NOW AGAIN WHERE IS Bitcoin GOING FROM HERE?
Let's take a look using multiple timeframes
1Day Chart
Double Bottom Discovered
A Double Bottom Pattern is a bullish trend reversal pattern ( opposite of a Double Top).
It has three parts to it:
First low – first price rejection
Second low – second price rejection
Neckline – an area of resistance
4HOURS CHART
patterns discovered on the 4hours chart
1, The W double BOTTOM PATTERN discovered but is it likely to play or fail?
BULLISH RECTANGLE
2, bullish Rectangle
“Rectangle” patterns are continuation patterns showing indecision in trader’s sentiment about bullish and bearish conditions, as reliable as there are, “rectangle patterns are continues and follow in the same prior direction(UP OR DOWN) after the pattern formation.
Trade:
A trade setup presents itself when a price closes outside the trendline after at least two penetrations on each side of the boundaries. trades can be entered on the follow up bar at “high” above or below breakout bar.
1HOUR CHART
CORRECTION Trend Line still holds
if the current retracement line is not broken, bitcoin is likely to pull back to up to 9500
30MINUTE CHART
Broadening swing or SYMMETRIC inverse TRIANGLE
“Broadening Tops” are also known as “Symmetric Inverted Triangles “ or “MegaPhones” consists of broadening each swing reversal.
Broadening Tops consists of five swings points and usually the last swing reverses the trend direction that existed prior to the formation pattern.
The above charts shows that Prices is likely to rally back to 9500 - 10500 before dumping back to 7500 or more.
Kindly like this post if you find it helpful.
I am very excited, and here is my reasons.
For over 2years of struggling to read a chart, After my first chart on XRP/BTC was a disaster. I promised myself never to give up(my first chart still bare the story). after two years I finally made my first real prediction that took me up to a week to finalize, of-cause I was a bit worried about what reaction I will get from other traders, but after two years of struggling and studying I told myself it is time and from that call of BTC reversal of 6400 to 10080 to 8100 all my calls has hit like wild fire that so far so good, the last analysis A-B-C Pattern played out beautifully well and as expected BTC reacted to the pink bear zone @10080 which lead to the recent last dip to 8100.
I am telling my story to inspire a newbie who is about to give up because of constant failure or taking the wrong trade.
YOUR DAY WILL COME, DON'T GIVE UP!
here is the first chart that changed everything for me
Today I bring another Multi Timeframe charts to you starting from 30mints, 1hr, 4 hr and 1D charts. Kindly leave your likes behind to encourage my future Analysis.
Before I start, I will like to apologies for my terrible English but please do bare with me as I am still trying to improve my english writing. I will do my best to explain this the best way I can, Kindly like my post if you find my work helpful or agreeable.
Recap of my last analysis on BTCUSDT
BTCUSDTPREDICTED PUMP FROM 6400 TO DUMP FROM 1080 BY ME ALL ALL PALED OUT SUCCESSFULLY
I am happy to say that the A-B-C Pattern played out well.
BUT NOW AGAIN WHERE IS Bitcoin GOING FROM HERE?
Let's take a look using multiple timeframes
1Day Chart
Double Bottom Discovered
A Double Bottom Pattern is a bullish trend reversal pattern ( opposite of a Double Top).
It has three parts to it:
First low – first price rejection
Second low – second price rejection
Neckline – an area of resistance
4HOURS CHART
patterns discovered on the 4hours chart
1, The W double BOTTOM PATTERN discovered but is it likely to play or fail?
BULLISH RECTANGLE
2, bullish Rectangle
“Rectangle” patterns are continuation patterns showing indecision in trader’s sentiment about bullish and bearish conditions, as reliable as there are, “rectangle patterns are continues and follow in the same prior direction(UP OR DOWN) after the pattern formation.
Trade:
A trade setup presents itself when a price closes outside the trendline after at least two penetrations on each side of the boundaries. trades can be entered on the follow up bar at “high” above or below breakout bar.
1HOUR CHART
CORRECTION Trend Line still holds
if the current retracement line is not broken, bitcoin is likely to pull back to up to 9500
30MINUTE CHART
Broadening swing or SYMMETRIC inverse TRIANGLE
“Broadening Tops” are also known as “Symmetric Inverted Triangles “ or “MegaPhones” consists of broadening each swing reversal.
Broadening Tops consists of five swings points and usually the last swing reverses the trend direction that existed prior to the formation pattern.
The above charts shows that Prices is likely to rally back to 9500 - 10500 before dumping back to 7500 or more.
Kindly like this post if you find it helpful.
Note
BTC/USDT has successfully hit the midline of the Broadening Top on 30mints and currently We should expect a dip to 8300-8100 base on the current broadening triangle forming at the 15mints chart Trade closed: target reached
Congratulations BTC hit the 9500 Ta, Now price is most likely to hit the 7900-7500 zone
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.